PREPARED BY: ARTURO E. CASTILLO DATE OF MEETING: 12/16/2024
SUBJECT:
TITLE
CONSIDER ADOPTING A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN PABLO (1) ACCEPTING THE GENERAL FUND REVENUE ENHANCEMENT RECOMMENDATIONS BY NBS GOVERNMENT FINANCE GROUP; AND (2) AUTHORIZING THE CITY MANAGER TO AMEND THE FISCAL YEAR 2023-25 CITY COUNCIL PRIORITY WORKPLAN WITH PROPOSED POLICY AMENDMENT NO. 10, UNDER MAJOR POLICY GOAL: FOCUS ON ECONOMIC DEVELOPMENT AND FISCAL DIVERSIFICATION, EXPANDING EXISTING POLICY 405: EXPLORE AND SUSTAIN NEW REVENUE ENHANCEMENTS TO THE CITY'S GENERAL FUND
CEQA: This proposed action is not a project as defined by CEQA.
Label
RECOMMENDATION
Recommendation
Adopt Resolution
BODY
COMPLIANCE STATEMENTS
Under Major Policy Goal: Focus on Economic Development and Fiscal Diversification, under adopted Policy No. 405: Explore and sustain new revenue enhancements to the City's General Fund are adopted policy items contained in the FISCAL YEAR (FY) 2023-25 City Council Priority Workplan, effective May 1, 2023.
CEQA Compliance Statement
This proposed action is not a project as defined by CEQA.
BACKGROUND
In December 2023, the City's municipal advisor, PFM, made a presentation to City Council reviewing the multi-year financial planning model results. In that analysis an annual revenue shortfall of approximately $4 Million was identified due primarily to flattening casino revenues and increasing personnel costs. In January 2024, results of the City's annual community survey, completed by the City's polling firm SRI, were presented to City Council. Among the findings from the polling were specific revenue measures and service concerns where community support was high.
The City engaged NBS, a consulting firm focused on assisting local government agencies with revenue solutions, in September 2024 to integrate the findings from the financial planning model and polling results into actionable revenue solutions for the City. NBS has prepared the attached...
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