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<br /> <br /> <br />Focus on Long-Term Fiscal Sustainability <br /> <br />The Recommended Budget was developed with a specific focus on maintaining the <br />long-term fiscal health of the City. Over the next few years, the City faces significant <br />fiscal challenges driven by the pension and retiree medical liabilities, workers’ <br />compensation, and costs related to ending residential uses at Docktown Marina. These <br />costs will continue to have a substantial impact on existing resources unless we reduce <br />spending, increase revenue, pay down liabilities, and ultimately change how the City <br />operates. <br /> <br />The Recommended Budget begins to address these challenges to position the City for <br />future success. The Budget Message section of the budget document provides more <br />detailed information on the strategies for addressing these fiscal challenges. <br /> <br />Council Budget Priorities <br /> <br />At the February 27, 2017 Study Session, the City Council provided direction on the FY <br />2017-18 budget priorities to support initiatives and goals established in the City’s <br />Strategic Plan. As in past years, these budget priorities focus on six areas: <br />1. Community Building and Communication <br />FY 2016-17 FY 2017-18 <br />Adjusted Recommended <br />Budget By Categories of Revenues Budget Budget <br />Property Taxes 46,347$ 47,656$ <br />Sales Tax 23,115 23,074 <br />Utility Users Tax 9,553 9,785 <br />Other Taxes 11,742 11,814 <br />Licenses and Permits 4,136 4,723 <br />Fines and Forfeitures 581 580 <br />Use of Money and Property 563 600 <br />Revenues from Other Agencies 4,444 3,327 <br />Charges for Services 13,511 15,160 <br />Other Revenues 7,120 7,561 <br />Library Revenues 577 599 <br />Recreation Revenues 2,061 2,056 <br />Successor Agency Revenues 4,337 4,714 <br />Total Revenues 128,087 131,649 <br />Transfers In from Other Funds 551 968 <br />Total Revenues and Transfers In 128,638$ 132,617$ <br />(in thousands) <br />8.D. - Page 5