Fiscal Year 2017-18 Operating Budget
On June 20, 2017, the preliminary draft of the FY 2017-2018 proposed operating budget was presented to the City Council for review. This year’s budget was very challenging as the City continues to recover from the Great Recession and its lingering effects on retail sales, housing values and overall growth of our City. Undoubtedly, much work lies ahead to achieve long-term fiscal sustainability. Fortunately, other sources such as the recently approved Measure PS and Utility Authority rate increase are providing much needed revenue to improve outdated systems,maintain services levels, improve roadways and city facilities. These factors will positively impact local revenues in the next year. I commend the leadership of the City Council in putting forth Measure PS and the residents for approving it. I am happy to announce a budget that marks the first year since the end of the Great Recession that the City has been able to balance the budget without using its reserve fund. Over the course of the coming fiscal year, staff will continue identifying the spending priorities for the City, explore various methods for increasing revenue and providing services in the most cost-effective way possible. The residents, City Council and I have worked hard to insure that the proposed budget focuses on basic key services such as street repair, infrastructure, parks, public safety, and housing affordability. This budget proposal is structurally balanced, using resources in accordance with the City’s Budget Policy. The primary goals in developing the operating budget have been to ensure public safety, improve the City’s infrastructure, and maintain core services to residents and businesses while maintaining fiscal conservancy. Our capacity to effectively deliver basic day-to-day service to our residents and businesses fundamentally affect whether residents can live a healthy, safe, and fulfilling manner. Therefore, how local governments is funded and how well they are funded, is vital to completing the mission at hand.
As we move into FY 2017/18, we will continue efforts to listen residents and adapt services to meet the needs of the community. We will measure public satisfaction with our overall performance as an organization. We will also continue the spirit of listening to the public and learning for them. Along the way, we will take the opportunity to work hard, grow professionally, and educate the public on the difficult task we have to serve, protect and lead. I appreciate your support and look forward to serving with you as we implement this budget and rise to meet challenges we face together in the coming financial year.