The impact of the COVID pandemic on the City’s operations may not be understated. Significant decreases to Sales Tax, Transient Occupancy Tax, and functional revenues will require a greater use of Measure HH revenue to fund ongoing operations.
The Proposed General Fund Budget for FY2020-21 reflects a balanced operating budget where operating revenues exceed operating expenditures by approximately $2.6 million which is set-aside for reserves. Measure HH continues to provide the necessary funding to maintain essential city services, fund capital improvements, pay down debt and restore reserves as directed in the Measure HH Spending Pledge.
The Proposed Annual Operating Budget & Capital Improvement Plan for Fiscal Year 2020-21 is summarized in the table below. Citywide revenues are projected at approximately $122.8 million and the proposed citywide expenditure budget is $132 million, which includes $111.2 million in operating expenditures and $20.8 million in capital projects and other non-operating (one-time) expenditures. The City Council will adopt the proposed budget at the City Council Meeting on June 2, 2020.