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City hires NHA Advisors to build five‑year fiscal model; consultant also briefs commission on sales tax and Measure A trends
Summary
The commission approved engagement of NHA Advisors to build a five‑year, multi‑fund fiscal model and heard a separate briefing that sales‑tax and local Measure A revenues have performed slightly above county averages in the most recent year.
The South Pasadena Finance Commission on Wednesday previewed a new multi‑year fiscal forecasting project and received a separate, detailed briefing on sales‑tax and Measure A revenues.
John (city staff) introduced the commission to NHA Advisors, a financial advisory firm the city engaged to expand its five‑year projections beyond the general fund. “Mister Hill is the managing partner with the firm. He’s been a professional in public finance since ’89,” staff said in opening remarks, introducing Craig Hill of NHA Advisors. Craig Hill told the commission his firm will build a “sophisticated modeling” platform that uses historical data, stress testing and user‑facing dashboards to let staff and elected officials test assumptions and evaluate scenarios across the general fund, special revenue funds, enterprise funds and the capital improvement program.
“Fiscal sustainability is the key term,” Hill said. He described a process that will begin with a comprehensive data request, then produce iterative…
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