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Public Hearing to the Proposed FY19-20 Budget <br />June 4, 2019 <br />Page 6 <br />The Ten -Year General Fund Outlook includes: <br />e Annual revenues and expenditures increase by CPI as forecasted by the California <br />Department of Finance. <br />e Measure X sales tax rate decreases from 1.5% to 1.0% in year 10. <br />e Expiration of the Vehicle Incentive Program in 2024. <br />e Increasing pension contributions based upon information provided by CalPERS. <br />e Additional compensation increases required by the Police Officers Association labor <br />agreement. <br />e Retirement of police facility debt in 2024. <br />Results of the Ten -Year Outlook indicate that General Fund revenue may be sufficient for <br />General Fund expenditures for the next two years. The City Council may choose to reconsider <br />service delivery during the next budget cycle to avoid long-term deficit spending in the General <br />Fund. <br />Ten -Year General Fund Outlook <br />Spa <br />0 <br />SY1.1 <br />Sao <br />5439A <br />$4133 <br />W75 <br />Sao <br />$3BL8 <br />53T.1 <br />$W7A <br />$36L4 $395.2 <br />5393.1 <br />53 0 <br />SM13 <br />5346.4 <br />$371.3 <br />$3".9 <br />$359.3 <br />$no <br />$316.7 <br />63 1 <br />$337.6 <br />$3]7A <br />S315.3 <br />$no <br />5350 <br />$Y19-20 <br />FY2621 <br />FYII-ll <br />FY12.23 FY13-I4 FY2425 FY15-16 FY26-27 M7-78 <br />FY 29-79 <br />- ^-venue r.E�emnues <br />Capital Improvement Program (CIP) <br />The Public Works Agency maintains a seven-year CIP (Exhibit 5), based upon best practices for <br />infrastructure rehabilitation and maintenance (e.g. Pavement Management System). Similar to <br />all governmental agencies, the City's resources are not sufficient to fund all projects; and staff <br />proposes projects based on priority and the availability of funding. Some projects span multiple <br />75A-1-6 <br />