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Fiscal Year 2021-2022 <br />General Fund Budget Discussion <br />• Structural deficit of $14+ million <br />• Estimated available General Fund balance at June 301, 2021 is $12.8 million (in excess of Policy <br />Reserve requirement) <br />• Proposed hiring freeze will close the gap (roughly half the scope of FY20-21 freeze) <br />• Mandated cost increases are included <br />• Contract increases (e.g. OCFA, Ambulance, previously bargained wage increases, etc.) <br />• Redistricting cost <br />• Spending restored for pandemic related reductions during FY20-21, but only partial revenue <br />recovery is included <br />• Train Station recurring subsidy included <br />• NEW Park Facility Attendants and NEW Citywide Text Communication Platform <br />• Scheduled increase of Pension Debt payment included, but refinancing savings not yet included <br />• Draft budget does not include anything for future labor negotiations <br />10 <br />