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important to note that most of this revenue is associated with development activity, and <br />the pace of that activity will slow in the future. To meet the goal of increasing revenue by <br />a total of $6 million and avoid deeper operating cuts, approximately $4.0 million in <br />additional revenue needs to be raised. <br /> <br />If the City does not proceed with any revenue measures, expenditure reductions totaling <br />approximately $10.0 million, instead of $6.0 million, would be necessary in order to have <br />a balanced budget in the next two years. <br /> <br />ENVIRONMENTAL REVIEW <br /> <br />This activity is not a project under CEQA as defined in CEQA Guidelines, section <br />15378, because it has no potential for resulting in either a direct or foreseeable physical <br />change in the environment. <br /> <br /> <br />ALEX KHOJIKIAN <br />DEPUTY CITY MANAGER <br /> <br /> <br /> <br />MELISSA STEVENSON DIAZ <br />CITY MANAGER <br /> <br /> <br />8.B. - Page 4