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HISTORY OF PROACTIVE FISCAL MANAGEMENT <br />Consistently adopted structurally balanced budgets <br />Maintained 15% General Fund reserve levels <br />Dedicated funding for infrastructure and capital needs <br />Approved local pension reform two years before State action <br />Strengthened the City's fiscal position through the Financial <br />Sustainability Plan <br />Prioritized paying down long term liabilities <br />Continued to contain costs through efficiencies, shared services, and <br />innovation <br />Redwood <br />City <br />