A City Council Budget Workshop is scheduled for next Tuesday, May 14th at 5pm at City Hall to review the Proposed Annual Operating Budget and Capital Improvement Plan for Fiscal Year 2019/20. The Proposed General Fund Budget for 2019/20 reflects a balanced operating budget where operating revenues exceed operating expenditures by approximately $6.7 million, which is used to fund an additional payment of $2 million to CalPERS with the balance, at approximately $4.7 million, set-aside for reserves.

Measure HH provides the necessary funding to maintain essential city services and funds capital improvements, pays down debt and restores reserves. The use of Measure HH is guided by the City’s Responsible Spending Pledge and the 20-Year Financial Plan, where the goal is to pay off all debt and to have a balanced operating budget in 2037 when Measure HH sunsets.

The Measure HH Oversight Committee is responsible for ensuring that Measure HH funds are utilized in accordance with the City’s Responsible Spending Pledge. On May 2, 2019 the Oversight Committee concluded that the Proposed Budget for Fiscal Year 2019/20 is consistent with the intent of the Measure HH ballot measure and the Responsible Spending Pledge.