Mayor Robert Garcia unveils Long Beach's FY 2026 balanced budget emphasizing opportunity

Under the bright lights of the North Long Beach Higher Education Center, city leaders gathered for a pivotal moment in Long Beach's governance: budget day. Mayor Rex Richardson opened the meeting with a clear message: the proposed Fiscal Year 2026 budget is not just a financial document; it is a reflection of the city’s values and a commitment to its residents.

This year’s budget presentation marked a significant milestone, being the first held at this educational facility, which symbolizes collaboration between the city and Long Beach City College. Mayor Richardson emphasized that this partnership aims to expand access to education, housing, and small business resources, echoing the budget's core mission of creating opportunities for all residents.

As the mayor reflected on the challenges faced over the past two and a half years, he painted a picture of resilience. Long Beach has navigated through a global pandemic, economic instability, and a homelessness crisis, all while addressing a staggering $90 million structural deficit. Remarkably, the city has managed to reduce this deficit by over $30 million without raising taxes, thanks to measures aimed at closing outdated tax loopholes and improving revenue streams.

The proposed budget is balanced and responsible, focusing on four strategic priorities: enhancing core city services, preventing homelessness, expanding affordable housing, and fostering local entrepreneurship. These initiatives are designed to uplift neighborhoods and ensure that the city continues to thrive despite external pressures, such as inflation and federal policy changes.

Mayor Richardson highlighted the city’s commitment to public safety and economic development, noting that Long Beach is on track to break housing production records and create thousands of new jobs. The budget aims to deepen public engagement and protect the city’s values, particularly in light of a challenging federal landscape.

As the meeting progressed, city officials and employees listened intently, aware that the decisions made today will shape the future of Long Beach. The proposed budget not only addresses immediate needs but also lays the groundwork for a more vibrant and prosperous community, ensuring that Long Beach remains a place of opportunity for all its residents.