BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT: Title
Receive the Fiscal Year 2026-27 Second Pass Biennial Budget Overview.
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RECOMMENDATION: Recommendation
Receive and discuss the overview of the Santa Clara Valley Water District's Fiscal Year 2026-27 Second Pass Biennial Budget.
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SUMMARY:
The Santa Clara Valley Water District (Valley Water) develops the rolling biennial budget to allocate the public's funds that are necessary to provide Silicon Valley with safe, clean water for a healthy life, environment, and economy. The development of Valley Water's budget is accomplished in an open transparent process providing opportunity for Board and public input. This report presents the second pass budget update and schedule for development of the final Fiscal Year (FY) 2026-27 Biennial Budget. The process includes over nine (9) open session discussions, and the online budget simulation tool, providing the Board and public significant opportunity for input. In addition to the Board open sessions, Board Advisory committees have opportunities for input during the development of the Budget. The Board has scheduled Budget work study sessions on April 29 and 30. The process is scheduled to conclude with the adoption of the budget on May 12, 2026.
The Second Pass budget includes the most recent revenue and expense assumptions that support the second pass results. The update includes the release of eight (8) paused positions in FY28 as compared to first pass to address vegetation removal and watershed asset rehabilitation workload priorities. In addition, the Second Pass budget includes the most recently approved labor agreements.
To remain fiscally prudent, staff is not recommending the release of any paused positions for FY27 until the outcomes of two major capital construction solicitations are known (for the Anderson Dam Seismic Retrofit Project and the Coyote Creek ...
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