Title
Discussion of the City’s Updated 2025-2029 Five Year Plan
Brief Description: Staff will present and discuss the City’s updated 2025-2029 Five Year Plan for the General Fund and Fire/EMS Funds. The updates take into account the financial impact from reduced income tax revenue and the increased operating and capital costs that have been discussed since the original Five-Year Plan was adopted.
Body
Legislative History
Resolution 24-126 adopted the 2025-2029 Five Year Plan in concept on 11/19/2024
Purpose & Explanation
Staff will present the updated 2025-2029 Five Year Plan for the General Fund and Fire/EMS Funds and outline the changes since it was adopted in Nov 2024. These include the loss of a major employer, increase in the cost of new Public Works facility, part-time/hybrid staffing and capital cost for the Fire Department, the City’s share of Hines Hill railroad bridge and the former YDC property costs.
Timing Considerations
None
Fiscal Impact
Currently Budgeted (Account #, $)
Supplemental Appropriation Required (Account #, $)
Appropriation Not Required.
Recommendation
Suggested Action
None. Any budgetary decisions will be brought forth in future legislation.
Submitted by,
Thomas J. Sheridan, City Manager
Jeff Knoblauch, Asst City Mgr/Finance Director