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Ten -Year Outlook History <br />j FY20-21 budget document showed a $74.2M j <br />� gap in 2029 � <br />• FY22-23 budget document showed a $21.OM I <br />jgap in 2029, after employee pension j <br />refinancing and FY20-21 CaIPERS 21.3% <br />investment return <br />• One bad year of revenue has a significant <br />� impact on the Outlook � <br />� • Outlook is a tool to understand trends and � <br />I <br />impact - actual results a Iways varies <br />City of Santa Ana <br />