The proposed budget for FY 2020-21 reflects $800,000 in decreased revenue due to COVID-19: approximately 6% of General Fund revenues. In response to this challenge, the City took action to ensure the City’s financial position, including: starting a hiring review before filling vacant positions, reducing nonessential costs and freezing travel expenses, delaying one-time infrastructure improvements, and putting other items on hold.
While the City’s finances are currently stable for FY 2020-21 with a balanced budget, there are significant long-term challenges to address. We have not yet seen the full economic impacts of the COVID-19 pandemic, and we are also trying to address unfunded needs, including: major street repair projects and sidewalk improvements, business support and assistance, and fire, emergency medical and neighborhood policing services.