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Council Approves Fiscal Year 2020 Budget

Council Approves Fiscal Year 2020 Budget

On Monday, June 17, Council approved the Fiscal Year 2020 budget that addresses long-term pension obligations and establishes an Office of Transportation.

The FY 2020 Citywide Operating budget totals $721.4 million and balances immediate needs with positioning services for long-term benefits. The budget includes an additional $3.8 million to be added to the Pension Trust Fund from the General Fund with an additional $2.4 million contributed from other funds. A “catch up” payment of $2.3 million is also included in the proposed budget. This brings total contributions of $22 million to the City’s Pension Trust Fund since its creation in January 2017.

Reductions have occurred across the organization over the past several years, and this budget also includes several one-time cost containing actions while departments continue to assess service delivery options. These actions are happening with a net reduction of 6.5 full time equivalent positions for a total full-time workforce of about 1,034, which is significantly less than the peak levels of 1,076 employees a decade ago. The budget includes two new positions in the Office of Transportation that are expected to be hired in the coming months.

On the capital side, the FY 2020 budget (which includes projects in the Capital Improvement Funds, Enterprise Funds and Internal Service Funds), is $191.6. million, a decrease of $29.6 million or about 13% from last year. The overall 2020-2024 Capital Improvement Plan is $750.8 million.

Both the operating and capital budgets reflect continued support of the Council’s priorities of climate change/sustainability and climate action plan, grade separations, transportation and traffic and fiscal sustainability.

You can read the full Staff Report on the FY 2020 Budget by clicking here. Video of the Council’s budget discussion are available by clicking here.

 

Last Updated: June 21, 2019