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19 <br /> <br />million. The net transfer is projected at $8.1 million. The deficit is projected at <br />approximately $11.7 million. <br /> <br />Modest revenue growth is expected in the next two years. With cost reductions, <br />expenditure increase is also expected to be modest. Restoration of proposed <br />reduced/eliminated services and programs in future years will require significant new <br />revenue sources. <br /> <br />EQUITY AND SUSTAINABILITY <br />Ensuring the long-term fiscal sustainability of the City organization ensures that the City <br />is able to continue to provide programs and services into the future to serve all of <br />Pleasanton’s diverse community. <br /> <br />OUTREACH <br />Staff developed a public engagement plan to seek community input during the first three <br />months of 2025. <br /> <br />As part of the City’s engagement strategy, an 11-member Budget Advisory Committee <br />(BAC) was appointed in December and has met three times, starting in January, with <br />the fourth BAC meeting planned for April 2. The BAC's near-term responsibility is to <br />provide input on community priorities related to program and service reductions to guide <br />the City toward a balanced budget for the next two years. <br /> <br />The City also hosted a Budget Town Hall attended by more than 90 people, launched <br />an online budget engagement tool that received more than 700 responses, and hosted <br />a pop-up at the Farmer’s Market to share information about the budget and programs <br />and services provided by the City. These sessions included exercises to weigh in on <br />potential service reductions. In addition, each City Council meeting since November has <br />included at least one significant budget-related agenda item for discussion, and monthly <br />special workshops were added to the City Council calendar to facilitate further public <br />discussion of budget-related items. <br /> <br />STRATEGIC PLAN ALIGNMENT <br />Ensuring the long-term fiscal sustainability of the City aligns with the ONE Pleasanton <br />strategic plan goal of Funding Our Future to support financial health and sound fiscal <br />policies through long-term planning, cost recovery, increased revenue, and cost- <br />containment. <br /> <br />FISCAL IMPACT <br />There is no direct fiscal impact by the City Council providing direction on budget <br />reductions. The direction will be used by staff to finalize the FY 2025/26 and FY 2026/27 <br />City Manager Recommended General Fund Operating Budget in May. <br /> <br /> <br /> <br /> <br />Page 21 of 40