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Form 14654 for Santa Clara California: What You Should Know

BUDGETS are included in the “Operating Budget Overview” and “Executive Summary” sections which can be accessed  from the City of Santa Clara website at. In addition, the City is updating its City Government Operating Budget (BUDGET) with the FY 2019/20 and 2020/21 Biennial Operating  Budgets.  The BUDGET is an annual update of the City's financial and tax spending plans as well as a plan to move forward  as the City of Santa Clara enters the future with its future. The BUDGET includes the following topics. 1. The proposed FY 2019/20 and FY 2020/21 biennial operating budgets are presented in the order of the proposed budgets that the budget will replace. 3. The City's FY 2019/20 and FY 2020/21 budget will begin the transition phase to the transition phase beginning in FY 2024 and thereafter.  5. The 2024 annual city revenues are presented based on the FY 2024 biennial operating budget.  Included within the FY 2019/20 Budget is a new 13.5 million capital investment budget. This budget provides funding in the 2 biennial fiscal year  to support the City's continuing modernization process, ongoing modernization initiatives and the planning of new programs. These new funds are being allocated for upgrades and renovations of all the City's buildings, including the  maintenance, repair and operations of the existing infrastructure. There also will be 22.3 million in the 2018/19  budget for the new downtown stadium, 5.7 million in the 2024 budget for the new City facility and 10.8 million in the 2020  budget to continue construction on the new Downtown facility.  The FY 2019/20 and 2020/21 budgets will be reviewed with the City Council for the approval by the City and the  Council. The Council will review the City Departmental plans and procedures for FY 2019/20 and the  City Department's budget requests for FY 2020/21 and provide its comments to the City Manager and the City Manager  will provide the FY 2020/21 biennial operating budget to the City Council. The proposed FY 2019/20 and 2020/21  BUDGET swill be presented to the City Council for review and approval on the same date the City Manager's budget request is  submitted to City Council.

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