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Los Gatos faces multimillion-dollar deficits as rising costs outpace revenue growth - Local News Matters

Summary by Local News Matters

One West Valley town may have to brace for some rocky years as it faces multimillion-dollar shortfalls.Los Gatos could be looking at an estimated $5.6 million deficit for fiscal year 2025-26, a significant number for a town with a roughly $60 million budget for the current fiscal year. The shortfall is largely due to anticipated revenue not keeping pace with rising costs and inflation, according to the town’s mid-year fiscal report and five-year…

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Local News Matters

Los Gatos faces multimillion-dollar deficits as rising costs outpace revenue growth - Local News Matters

One West Valley town may have to brace for some rocky years as it faces multimillion-dollar shortfalls.Los Gatos could be looking at an estimated $5.6 million deficit for fiscal year 2025-26, a significant number for a town with a roughly $60 million budget for the current fiscal year. The shortfall is largely due to anticipated revenue not keeping pace with rising costs and inflation, according to the town’s mid-year fiscal report and five-year…

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Local News Matters broke the news in 3 days ago on Wednesday, March 12, 2025.

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