CONSIDER RESOLUTION (1) ACCEPTING THE PRESENTATION ON THE CITY’S 10-YEAR LONG-RANGE FINANCIAL PLAN TO INCLUDE THE BASELINE FINANCIAL MODEL, BUDGET ASSUMPTIONS AND PRELIMINARY RECOMMENDED MEASURES TO REDUCE GENERAL FUND OPERATING DEFICITS AND SUBSIDIES AS FORECASTED FOR PERIOD 2024-2034; (2) AMENDING THE FY 2023-25 CITY COUNCIL PRIORITY WORKPLAN TO INCLUDE NEW RECOMMENDED STRATEGIC BUDGET INITIATIVES FOR FY 2025-27 PERIOD; AND (3) AUTHORIZING THE CITY MANAGER TO EXPLORE FEASIBILITY AND RECOMMEND FUTURE IMPLEMENTATION OF STRATEGIC BUDGET INITiATIVES AND MEASURES TO REDUCE FORECASTED GENERAL FUND DEFICITS AND SUBSIDIES PRIOR TO ADOPTION OF THE PROPOSED FY 2025-2027 MULTI-YEAR GENERAL FUND OPERATING BUDGET, EFFECTIVE JULY 1, 2024 CEQA: This is not a project subject to CEQA.

Committee

City Council

Introduced

December 4, 2023

On agenda

December 13, 2023

Passed

December 13, 2023

Enactment no.

RES 2023-167