During the FY 2015-16 and FY 2016-17 Budget process, staff identified challenges the City is currently facing and/or is likely to encounter over the next ten years. These areas of concern were discussed with the City Council Finance/Audit Committee, City Council Capital Facilities Committee, various Visioning 2064 Committees, and City Council members during the Budget study sessions.During these meetings, public service and infrastructure concerns were discussed, such as the City’s financial ability to maintain existing streets and roads at current pavement conditions. Overall, the City is in “good” fiscal health, but in an effort to continue prudent and sound financial management, it is important to take a proactive approach to ensure that the City remains fiscally sustainable over the long-term. With this in mind, during the budget process, City Council directed staff to return with a “Fiscal Sustainability Study” that would identify fiscal challenges and provide recommendations and options for City Council consideration. City Council then directed staff to provide information and educate residents through community engagement and public outreach. This would provide a platform to get the community involved in the discussion of recommendation/options related to the City’s fiscal sustainability.
Listed below are the various highlights of the City’s Fiscal Sustainability Study with links to applicable staff reports and presentations:
|January 26, 2016||Fiscal Sustainability Study|
|May 20, 2016||Community Engagement and Public Outreach RFP/Q|