Pleasanton Budget Barely In The Black, Long-Term Gaps Loom

City Council to review mid-year budget update projecting multi-million dollar annual deficits

Published on Feb. 14, 2026

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The City of Pleasanton's budget for the current fiscal year is expected to end balanced, but the city's long-term financial outlook shows growing budget gaps in the coming years, according to a mid-year budget update that the City Council will review.

Why it matters

Pleasanton, like many cities, is facing economic headwinds that are putting pressure on its budget. The city's ability to maintain a balanced budget and fund critical services will have significant implications for residents and businesses.

The details

The mid-year budget update projects the city's General Fund will end the current fiscal year balanced, avoiding the need to use $1 million from a pension trust fund that was originally planned. This is largely due to lower than expected personnel costs and a recommended $500,000 transfer from the Capital Reserve Fund. However, the report also shows revenues from property and sales tax are expected to decline, while business license tax is up.

  • The Pleasanton City Council will review the FY 2025/26 Mid-Year Budget Update on Tuesday, February 14, 2026.

The players

Pleasanton City Council

The governing body of the City of Pleasanton, responsible for reviewing the city's budget and financial outlook.

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What’s next

The City Council will consider adopting budget amendments based on the mid-year update.

The takeaway

Pleasanton's budget is barely balanced in the current year, but the long-term financial outlook shows growing budget gaps that will require the city to make difficult decisions about spending and revenue in the coming years.