San Ramon, California Development News

City Council Reviews Long-Term Financial Plan Highlighting Measure N's Crucial Role

The City Council reviewed a Long-Term Financial Plan (LTFP) and a financial forecast model developed by Russ Branson Consulting. The LTFP projects out 10 years, focusing on the General Fund. Key discussions included the potential expiration of Measure N in 2035 and its impact on revenues, the loss of the state retail theft grant, changes in solid waste franchise fees, and increasing costs for health benefits and PERS. The baseline forecast indicates a potential negative net revenue position by FY '35 if Measure N is not extended or renewed. Recommendations included identifying services supported by Measure N, continuing to implement the financial resiliency framework, reducing costs, and updating the model twice a year. Council members raised concerns about including future development revenue/expenses, deferred maintenance costs, investment income, and the impact of technology/AI on staffing, requesting that these be incorporated into alternative scenarios of the model. Public comment expressed concerns about financial transparency, the cost of consulting services, and the need to prioritize local infrastructure. The council acknowledged the plan as informational and noted the importance of considering resident expectations tied to Measure N when making future decisions.