The Fiscal Year Proposed Annual Budget, Proposed Water, Wastewater and Trash and Recycling Rates and Various Proposed City Fees were presented to the City Council at a public hearing on Tuesday, June 13, 2017 and adopted at the second public hearing on Tuesday, June 20, 2017.
Message from City Manager Dan Rich:
We are fortunate the City of Mountain View is currently in a period of strong growth. Based on our latest five-year forecast, we expect revenue growth to continue for the next fiscal year, but a downturn in the economy is projected to occur during the forecast period. Revenues are projected to begin being impacted in Fiscal Year 2018-19. Including the recommendations for new spending made in the Proposed Budget and assuming a slow-down in later years, a $2.7 million positive balance is projected at the end of Fiscal Year 2017-18, and deficits are projected in the last two fiscal years of the Five-Year Forecast.
The Proposed Budget recommendations include $2.2 million in net General Operating Fund (GOF) ongoing increases and $3.6 million in new limited period expenditures. These increases will support ongoing services and key priorities identified by the Council. As we are a service organization based on the work of our outstanding employees, these numbers include a net increase of 10.0 new staff to help with workload demands.
Copies of the Fiscal Year 2017-18 Proposed Budget Report are available for review at City Hall in the City Clerk's Office, 500 Castro Street, 3rd floor, Mountain View during normal business hours, and during public hours at the Mountain View Public Library, 585 Franklin Street, Mountain View.
The City's revenues are cyclical, and the City is currently in a period of revenue growth after recovering from the greatest recession since the Great Depression. The City weathered those tough economic times while continuing to balance the General Operating Fund (single largest fund and provider of core services) budget in order to position itself to take full advantage of the recovering economy.
FY 2016-17 Narrative Budget Presentation
Copies of the Fiscal Year 2016-17 Adopted Budget are available for review at City Hall in the City Clerk's Office, 500 Castro Street, 3rd floor, Mountain View during normal business hours, and during public hours at the Mountain View Public Library, 585 Franklin Street, Mountain View.