During the great recessionNovato’s budget should be like a good family budget – income should not all be spent on day to day expenses.
Instead some should be put aside for long term maintenance such as for a new washing machine or roof repair. Some should also be put aside for dreams such as a college education or retirement.
- Novato must have a balanced operating budget by law
- Novato receives less than 7 cents of every property tax dollar
- Novato receives no garbage franchise fees or utility taxes
- Novato never put aside money for long term maintenance of parks, buildings and streets
Weathered the Great Recession:
- Reduced staff by 30% and budget by $4M during the Great Recession
- Negotiated pension concessions – the maximum allowed for Novato
- Reviewed all programs and services to cut waste and become more efficient
- Passed voter-approved Measure F funds
- Determined actual costs necessary for infrastructure maintenance — for the first time in Novato history
- Determined core staffing needs to provide adequate city services — for the first time in Novato history
Coming out of the recession:
- Set aside $1M annually for infrastructure maintenance — for the first time in Novato history
- Added back only 8 core staff positions — but still down 38 positions from pre-recession.
- Get voter approval of a local sales tax measure approved unanimously by the City council.
- Assure public safety and other critical services can be met within our budget.
- Assure reserves are set aside for infrastructure and retirement.
- Make prudent decisions for the use of the remaining Measure F funds