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Form 14654 for Santa Clara California: What You Should Know

BUDGETS are included in the ‚ÄúOperating Budget Overview‚ÄĚ and ‚ÄúExecutive Summary‚ÄĚ 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 2023 and thereafter.¬† 5. The 2023 annual city revenues are presented based on the FY 2023 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 2023 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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