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.
The City has recovered from the greatest recession since the Great Depression and has weathered tough economic times while continuing to balance the General Operating Fund (GOF). During the latest recession, balancing the GOF was accomplished by strategically reducing expenditures, establishing more efficient operating models, and working closely with employee organizations to contain employee compensation costs, as well as implementing limited revenue enhancements where appropriate. As a result, the City was able to minimize the negative impacts on our residents and customers and preserve a wide range of high-quality services. Taking the necessary actions to maintain a structurally balanced budget provided a solid foundation for the economic recovery.
Copies of the Fiscal Year 2015-16 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.