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Santa Rosa subcommittee told long-range forecast shows structural deficit; reserves at risk by 2028
Summary
Staff briefed the Long-Term Financial Policy Subcommittee on the results of recent budget reductions, a multi-year structural deficit, a projected reserve shortfall (staff said the general fund could be insolvent in 2028 if no actions are taken), and next steps including program-based budgeting pilots and revenue options.
City staff told the Santa Rosa City Long-Term Financial Policy Subcommittee that, despite substantial cuts implemented over the last year, the city faces a multiyear structural deficit and that reserves could be exhausted if current projections hold.
"We made $15,200,000 worth of cuts," Scott, staff member, told the subcommittee while reviewing last year's midyear and adoption reductions. Scott said the city is transitioning from a midyear-focused budget process to a year-round approach and plans a program-based budgeting pilot to produce more operational-level cost information.
Scott said the city's…
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