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City manager outlines need for fiscal sustainability study as staff updates 10‑year forecast
Summary
City staff told the council the city's 10‑year forecast is improving but still faces structural pressures from labor costs, pension liabilities and deferred capital; staff proposed launching a fiscal sustainability project to develop a portfolio of revenue and expenditure strategies.
City Manager Jovan Grogan and Finance Director Ken Lee (presentation summarized by Grogan) told the council the city’s 10‑year financial forecast has improved since the pandemic era but significant structural challenges remain. Grogan said progress has been made — reserves rebuilt, debt managed and several grants secured — but that the city still lacks sustainable…
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