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File #: 2019-1094    Version: 1 Name:
Type: Discussion Status: Agenda Ready
File created: 11/27/2019 In control: City Council
On agenda: 4/21/2020 Final action:
Title: FISCAL YEAR 2020-2021 BIENNIAL BUDGET WORKSHOP #2 (CITY COUNCIL)
Attachments: 1. Exhibit 1- GOvernor Executive Order 90-Day Sales Tax Payment Extension, 2. Exhibit 2 Property tax Forecast, 3. Exhibit 3 City Events Summary
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report to Mayor and City Council
Tuesday, April 21, 2020
Discussion


SUBJECT:
Title
FISCAL YEAR 2020-2021 BIENNIAL BUDGET WORKSHOP #2 (CITY COUNCIL)

Body
I. SUMMARY

This is the 2nd of 3 planned budget workshops before considering adoption of the Fiscal Year 2020-2021 budget in June 2020. Due to the Coronavirus pandemic and the City Council's declared emergency on March 17th, the General Fund projection has changed compared to the information provided to City Council during budget workshop #1. One purpose of tonight's workshop is to receive direction from City Council on the proposals that would change the current budget structure.

II. RECOMMENDATION
Recommendation

PROVIDE direction to continue to build the draft budget.


Body
III. ALTERNATIVES

TAKE another action deemed appropriate by City Council.

IV. BACKGROUND

On February 17th, Finance staff presented to the City Council the mid-year 2019-2020 budget outlook by assessing the early economic indicators for the U.S. and California as it became clear that the momentum from Fiscal Year 2019-2020 was pushing into 2020-2021.
We thought the forecast for Fiscal Year 2020-2021 would be another year similar to 2019-2020 when employment reached record highs, unemployment fell to record lows, trade was improving, manufacturing output was growing, and general economic sentiment by Americans was near historic levels of optimism.
On March 13, a National Emergency was declared by the Trump Administration. By March 15, the Governor of California, Gavin Newsom, ordered shelter-in-place for the Bay Area, and 4 days later, for the remainder of the state. On March 17, the City Council declared a state of Local emergency in response to COVID-19 pandemic by adopting Resolution no. 20-053. The emergency resolution mandated the closure of all City facilities and the cancellation of special events. Subsequently, as a result of the National, State and City emergency directives, all events, classes and programs at our Ci...

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