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Public Hearing to the Proposed FY19-20 Budget <br />June 4, 2019 <br />Page 6 <br />The Ten -Year General Fund Outlook includes: <br />• Annual revenues and expenditures increase by CPI as forecasted by the California <br />Department of Finance. <br />• Measure X sales tax rate decreases from 1.5% to 1.0% in year 10. <br />• Expiration of the Vehicle Incentive Program in 2024. <br />• Increasing pension contributions based upon information provided by CalPERS. <br />• Additional compensation increases required by the Police Officers Association labor <br />agreement. <br />• Retirement of police facility debt in 2024. <br />Results of the Ten -Year Outlook indicate that General Fund revenue may be sufficient for <br />General Fund expenditures for the next two years. The City Council may choose to reconsider <br />service delivery during the next budget cycle to avoid long-term deficit spending in the General <br />Fund. <br />Ten -Year General Fund Outlook <br />Smo <br />o_ <br />f <br />$147.1 <br />5119A <br />$11L3 <br />\ <br />$3975 <br />\ <br />$NO <br />$34LF <br />1 <br />$3T7.1 <br />SW A <br />smm <br />$395.2 <br />6330 <br />�\ 1` <br />$3911- <br />1 $3033 <br />63 4 <br />$371.6 <br />$929.9 <br />1 $3593 <br />5330 <br />$316.7.� <br />$327A <br />533S3 <br />s290 <br />szo <br />FY19.20 <br />FY20-21 <br />FY22,22 <br />FY22-23 FY23-24 FY24-25 FY25-26 <br />FY2&27 <br />R77-28 <br />FY2&29 <br />�Pzvaive �raacbiwca <br />Capital Improvement Program (CIP) <br />The Public Works Agency maintains a seven-year CIP (Exhibit 5), based upon best practices for <br />infrastructure rehabilitation and maintenance (e.g. Pavement Management System). Similar to <br />all governmental agencies, the City's resources are not sufficient to fund all projects; and staff <br />proposes projects based on priority and the availability of funding. Some projects span multiple <br />75A-1-6 <br />