REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Study Session: Discussion of the Proposed Santa Clara Stadium Authority Fiscal Year 2026/27 Operating, Debt Service and Capital Budget and Stadium Authority Budget, Compliance and Management Policies, and Marketing Plan (Continued from February 24, 2026)
Report
DISCUSSION
At the February 24, 2026 Stadium Authority and Special City Council Meeting, the Stadium Authority Board took action to continue the following item to March 5, 2026 due to the limited time available to respond to questions posed by the Board.
Staff has included an additional attachment (Attachment 8 - Responses to February 24, 2026 Stadium Authority Budget Study Session) to provide responses to the Stadium Authority Board’s questions. There are pending questions and ongoing discussions regarding several budget items that remain open at the time of writing this report that will be addressed during the Study Session and prior to the next Board meeting on March 10, 2026.
ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of a California Environmental Quality Act (“CEQA”) pursuant to the CEQA Guidelines section 15378(a) as it has no potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment. Furthermore, the action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(5) in that it is a governmental organizational or administrative activity that will not result in direct or indirect changes in the environment.
FISCAL IMPACT
The Proposed FY 2026/27 Budget includes $65.9 million for operating costs (includes transfers out to Debt Service and Capital Funds), $21.0 million for debt service, and $22.2 million for capital (includes a $12.2 million carryover from the prior year).
COORDINATION
This report has been coordinated with the Executive Director and Stadium Authority Counsel Offices.
PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email clerk@santaclaraca.gov, or at the public information desk at any City of Santa Clara public library.
RECOMMENDATION
Recommendation
Review and provide input and/or direction on the Proposed Santa Clara Stadium Authority Fiscal Year 2026/27 Operating, Debt Service, and Capital Budget, Proposed Stadium Authority Budget, Compliance and Management Policies, and 2026 Levi’s Stadium Events Marketing Plan.
Staff
Reviewed by: Kenn Lee, Treasurer
Approved by: Jovan Grogan, Executive Director
ATTACHMENTS
1. Santa Clara Stadium Authority Proposed Fiscal Year 2026/27 Operating, Debt Service, and Capital Budget
2. Fiscal Year 2026/27 Annual Public Safety Budget
3. 2026 Levi’s Stadium Events Marketing Plan
4. Stadium Authority Board Budget Policy
5. Stadium Authority Board Compliance and Management Policy
6. RTC 26-17490 from February 24, 2026 Stadium Authority Meeting
7. February 24, 2026 Stadium Authority Meeting Presentation
8. Responses to February 24, 2026 Stadium Authority Budget Study Session