The Council held the second in a series of Budget Study Sessions for the proposed Fiscal Year 2021-2022. This second meeting provided a status of the current year budget, gave an initial analysis of the projected revenues and expenditures for FY 21/22, and presented the proposed Annual Departmental Work Plan for FY 21/22.
The overview of the current fiscal year, 2020/2021, included the significant impacts to our local and regional economy from the COVID Pandemic, and the various ways the City responded to meet the crisis. Early measures included the enactment by the Council of fiscal policies to anticipate and weather the economic downturn, promoting small businesses through grants, opening the Orange Paseo, and creating a Temporary Outdoor Dining Permit Program to allow restaurants to continue operating safely during the pandemic. Also key was the pivoting by the City to service delivery models which either adapted in-person to COVID safe methods, or to online services where possible.
Looking to the proposed FY 21/22 Budget, it is expected that the Orange economy should continue to get stronger. Nevertheless, it is anticipated that the economic recovery will extend beyond 2022. Therefore, City revenues are projected to be less than FY 19, the last full fiscal year prior to the COVID pandemic. As such, the City must continue to implement the necessary fiscal controls to ensure a balanced budget is achieved.
Read the staff report to the Council, or see the draft Work Plans here.
The next City Council Meeting will be held on Tuesday, May 11, 2021, at 6 p.m.