CCMIN061708 - Laserfiche WebLink

there is no proposal to do so; however, staff needs to keep tabs on the State budget process because many creative solutions may be formulated over the summer and into the fall. Councilmember McGovern said she had requested from Mr. Culver atwo-year picture of what the City has had to cut for the past two years budget. She confirmed with him that the actual combined revenue reductions in the current year were $2.2 million, $4.5 million in the coming year; or $6.7 million, and revenues are decreasing almost double over the two-year period. She questioned how quick sales of homes has affected the City's property tax income. City Manager Fialho said this affects long-term assessed value as there is slower growth in sales and revenue over time will decrease as a result. Regarding the retail market, he said there is a lot of competition regionally which affects sales tax, the City is seeing somewhat of a flat line growth, but there is more retail competition than previously in the valley. Councilmember McGovern referred to the 800-megahertz radio system joint project which Livermore put off for next year and questioned how this fits into the regional inter-operability program. City Manager Fialho said the JPA has been meeting frequently, are identifying a blueprint for where the infrastructure will be placed and Pleasanton is a candidate-city for an antenna and applied this year for federal funding to bridge the gap in the cost of the project. Councilmember McGovern acknowledged and thanked City department staff for reducing their individual budgets. City Manager Fialho noted that the property tax growth is growing still, but is 4% versus the 6% growth projected. Sales tax had been projected to grow which will remain flat and possibly showing signs of softening in the coming years. Development fees are generally less due to less development, which impacts revenues coming in. Assistant City Manager Steve Bocian presented the Capital Improvement Program, stating it covers a period of three years with total financial resources of $51 million which is being allocated towards streets, parks, water, sewer and miscellaneous. For FY 2008/09, $17 million is recommended for expenditures. There is an increase of about 8% over what was projected for revenues and about 9.9% in expenditures over what was projected. He presented a comparison from June in what was projected for the next three years to now, stating the General Fund monies remain the same over the three years, no recommended changes are made for gas tax and Measure B, there are some changes in the development revenue which is higher and contrary to what was stated due to the way CIP revenues are tracked. He said there is a significant increase shown in beginning balances which results from outstanding monies and interest earnings left over from former completed CIP projects, or $5.3 million. Councilmember McGovern asked for those projects included under miscellaneous categories, and Mr. Bocian said the majority of money in miscellaneous is called the Capital Improvement Reserve which is a reserve the Council maintains for priority projects when they develop. It also addresses things not related to parks, streets, water and sewer, such as storm drain projects, fire trucks, improvements to non-park city buildings, as well as the Fire House Theater and Veterans Building and a portion of the Alviso Adobe Community Park. Mr. Bocian said staff tried to break out changes recommended and said there are four new projects not included in the CIP: 1) $150,000 for design work for the railroad quiet zone; 2) $100,000 in streets for ADA handicapped ramp and sidewalk assessment due to federal and state changes. Mr. Bocian discussed meeting with the Disability Action Network who presented Regular City Council/ Library Board of Trustees Minutes 7 June 17, 2008