March 15, 2022
ProposedAdditional 2.5%Budget Reductions
Model #1 Baseline ForecastSource: 020122 FY2021-22 Mid-Year Financial ForecastNote: Forecast does not include projected CalPERS gains as of June 30, 2021 2 Model #2 Baseline Forecast with 2.5% Additional Budget ReductionsSource: 020122 FY2021-22 Mid-Year Financial ForecastNote: Forecast does not include projected CalPERS gains as of June 30, 2021 3 Proposed Additional 2.5% Budget Reductions
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$3.8 Million Budget Reduction Positions
6 Cumulative Budget Reductions
$3.8M
+ Additional 2.5%
RECOMMENDATION
It is recommended that City Council:
Provide direction with respect to the proposed additional 2.5% budget reductions; or Ratify the proposed additional 2.5% budget reductions.
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