The Pleasanton City Council reviewed the proposed 2-year operating budget and 4-year Capital Improvement Program (CIP) budget at its June 4 meeting.
The final vote will take place on June 18.
Total city budget expenditures for fiscal years 2019/20 and 2020/21 total $189.7 million and $194.3 million respectively for the operating budget and $28.6 million and $25.2 million for the CIP.
Tina Olson, finance director, presented the operating budget. Among the highlights, she told the council that the largest revenue source comes from property taxes at $73.2 million, representing a 5.1% increase over 2018-2019. Sales tax revenues remain flat and are predicted to come in at $22.2 million. There has been a decrease in sales tax income in the building and construction, business and industry, and autos and transportation sectors. She noted that auto purchases declined statewide over the past year.
The largest increase in sales taxes was generated by the hotel/motel tax at $6.8 million, showing a 52% increase since 2013-2014. Olson noted this is significant because there were no new hotels added in Pleasanton.
Personnel represent the largest expenditure at 73% of the budget.
Brian Dolan, assistant city manager, addressed the CIP. For the first two years of the CIP, projects are fully or partially funded; the second two years, funds have been provided for the planning.
He noted that 19 of 23 council priority projects are fully funded; four are in the design phase.
The council was asked to approve a resolution designating June as Pride Month in Pleasanton. They agreed to look at the issue. The item will be placed on the June 18 agenda.