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Pension Debt Cost Savings Update <br />February 15, 2022 <br />Page 4 <br />may simply not be able to reduce the budget to coincide with future Measure X revenue <br />decreases. <br />Staff will continue to provide a pension debt update to City Council during each budget <br />cycle and make strategic recommendations. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with the recommendation. <br />Submitted By: Kathryn Downs, Executive Director Finance and Management Services <br />Approved By: Kristine Ridge, City Manager <br />City Council 11 — 4 2/15/2022 <br />