Berkeley could pull money from affordable housing to balance budget deficit

Berkeley could pull money from affordable housing to balance budget deficit

The Berkeley City Council could use $2.5 million from a tax pitched as a source of affordable housing funding to address a budget deficit.

City projects $18.68 million deficit, City Council receives update on balancing options

“We continue to face challenges on the horizon, and we’ll really need to start to work diligently to help develop our (2027-28) fiscal year biennial budget,”Berkeley Budget Manager Sharon Friedrichsen said.“But for the moment, for (the 2026) fiscal year, we…

Berkeley faces 'tough choices' as budget talks continue

The city of Berkeley is looking at a "barely balanced" budget in the next fiscal year — relying on what one official called one-time gimmicks to bridge the gap.In the years ahead, Berkeley is expected to face even tougher budget decisions as it looks to tackle a structural deficit in the general fund of around $20 million a year, city staff told Berkeley officials Tuesday night.The meeting was the first budget report before the full City Council…