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NEW STEPS TOWARDS IMPROVING FINANCIAL POSITION <br />✓ Developing a 10 -Year Forecast <br />Organizing a community budget engagement event <br />✓ Considering new revenue sources <br />Evaluating a 2 -Year budget cycle in FY 2020-21 <br />✓ Assessing the City's fiscal health using a League of California Cities diagnostic tool <br />Exploring an accelerated payoff timeframe for pension liabilities <br />Implementing OpenGov, an online budget transparency platform for the public <br />Engaging the Government Finance Officers Association to review the City's <br />financial processes and procedures Aft <br />Redwood <br />City <br />