Summary

Finance Committee forwards SVTVB lease recommendation; receives FY 2025-26 mid-year budget report — March 17, 2026

SalinasMar 17, 20261 min read

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Meeting held at Salinas Rotunda at 2:00 PM. Two members present (Mayor Dennis Donohue and Councilmember D'Arrigo); Councilmember De La Rosa absent. Consent minutes (Feb 17, 2026) approved. Committee approved forwarding the Salinas Valley Tourism & Visitors Bureau lease and operating agreement recommendation to City Council; SVTVB requested an additional $200,000 in funding and a 10-year term. Finance Director presented the FY 2025-26 Mid‑Year Budget Review (economic update, General Fund status, selected capital projects, fund balance and recommended budget adjustments); report received, no action required. No public comment. Meeting adjourned at 2:42 PM.

Committees mentioned

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Finance Committee

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Budget & TaxCommerce

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Key decisions

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Approved minutes of February 17, 2026.
Approved recommendation to forward the Salinas Valley Tourism & Visitors Bureau (SVTVB) lease and operating agreement item to City Council; SVTVB requested $200,000 additional funding and a 10-year term.
Received the Fiscal Year 2025-26 Mid-Year Budget Review and supplemental appropriation requests report; no committee action required.

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Meeting information

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