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City forecast: Measure G lifts revenues but CalPERS UAL poses long-term pressure
Summary
Budget Officer Seth Anderson told the council Measure G adds roughly $21.5–22 million annually to the general fund and that, under current assumptions, forecasted revenues exceed expenditures over the five-year outlook; staff warned CalPERS unfunded accrued liability payments will peak in FY2031 and remain a structural pressure.
Budget Officer Seth Anderson presented the city’s five-year long-term financial forecast and said this is the first forecast to include Measure G sales tax in the general fund. "Measure G adds another $22,000,000 annually to general fund operating revenue," he said, and staff’s projections show revenue growth roughly in line with planned expenditures in the forecast…
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