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<br /> Proposed Fiscal Year 2025-26 City Budget, Changes to the City’s Basic Classification <br /> and Compensation Plan, Changes to the Executive Management Team’s Classification <br />and Compensation Plan, Uniform Schedule of Miscellaneous Fees, and the Seven-Year <br />Capital Improvement Program <br />June 3, 2025 <br />Page 4 <br />General Fund Ten-Year Outlook <br />The Outlook is a tool that projects the future General Fund budget based on the proposed <br />budget structure and known future events, such as the scheduled Measure X rate <br />decrease. <br />This Outlook includes the following assumptions: <br />Recurring amounts only <br />Debt pay-offs <br />Measure X rate decrease (1.5% to 1.0% in April 2019) <br />Inflationary increases FY26-27 and later, based on the California Department of <br />Finance forecast of CPI <br /> Labor increases based on MOU’s <br />Orange County Fire Authority (OCFA) contract increase of 4.5% annually <br />Employee pension unfunded liability contributions as estimated by CalPERS <br />Contributions to, and uses of, the Pension Stabilization Account have been <br />included to smooth the pension debt fluctuations <br />The model indicates that the General Fund budget structure will need to be adjusted in <br /> future years to remain balanced. For FY 2025–26, overall General Fund revenues are <br />projected to increase by approximately 1%. In the following years, revenue growth is <br />based on projections from the California Department of Finance. However, operating <br /> <br />