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Los Gatos Today
By the People, for the People
Los Gatos Projects Budget Surplus, Reversing Deficit
Town officials say federal funding and cost-cutting measures have improved the fiscal outlook.
Published on Feb. 13, 2026
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In a surprising turnaround, the town of Los Gatos, California is now projecting a budget surplus for the current fiscal year, reversing an earlier projected deficit. The change was announced at a special town council meeting on February 10th.
Why it matters
Los Gatos, like many municipalities, has faced budget challenges in recent years due to the economic impacts of the pandemic and federal funding cuts. The shift to a surplus signals the town's fiscal health is improving and it can avoid difficult decisions like service cuts or tax increases.
The details
According to town officials, the improved budget outlook is due to a combination of federal funding support and cost-cutting measures implemented by the local government. Specific details on the size of the surplus and how it will be allocated were not provided.
- The budget update was announced at a special Los Gatos town council meeting on February 10, 2026.
- The town had previously projected a budget deficit for the current fiscal year.
The players
Los Gatos
A town in California that is now projecting a budget surplus after previously forecasting a deficit.
What’s next
The town council is expected to provide more details on the surplus and how it will be allocated at their next regular meeting.
The takeaway
Los Gatos's ability to turn a projected deficit into a surplus demonstrates the town's fiscal resilience and ability to adapt to changing economic conditions, providing a positive outlook for its long-term financial stability.
