RES 93107 - Laserfiche WebLink

funding applications. Therefore, staff has excluded this request from the recommended budget. STATE BUDGET IMPACT The most recent estimate of the impact of the State's budget adoption on Pleasanton is an additional property tax loss of $1 million annually (with a one-time transfer of State transportation money which reduces this year's impact to $721,000). This is in addition to the permanent loss of $1.2 million implemented in 1991-92. The State budget included the continuation of the one-half cent sales tax from July through December. Permanent continuation of this tax will be determined by the voters in November. Regardless of the result, Alameda County is projected to receive 50% of Pleasanton's distribution, which is reflected in the two scenarios outlined below. Scenario 1: Voters do not approve sales tax extension. Should this occur, the League of California Cities estimates that Pleasanton will receive $90,000, which would be a one-time revenue. Scenario 2: Voters approve continuation of the sales tax extension. The League of California Cities estimates that Pleasanton will receive $180,000, which would be an ongoing revenue. Because of the uncertainties of the coming fiscal year, staff has proposed basically a "status quo" expenditure plan providing basically the same level of services to the community as in the past. Staff will continue to review position vacancies on a case-by- case basis, explore revenue enhancements and cash management policies, and analyze the service level document in more detail. During this fiscal year, staff will work with the Council to establish workshops to discuss the City's future service levels. Respectfully Submitted, Susan Rossi Deborah Acosta Finance Director City Manager SR/cf/kh asm.ct2~ SR 93:332 7