Union City Council Holds A Budget Study Session On Coronavirus Impact On City Finances

Press release from the City of Union City:

August 3, 2020

Union City, CA – The City Council is holding a budget study session on Tuesday, August 4 at 5:00 PM where they will get an in depth look at the City’s long-term financial forecast. The Council will be presented with detailed information about how a combination of factors, including COVID-19 and the expiration of two local funding measures, is expected to deplete General Fund reserves by June 30, 2023.

Steve Toler, a financial expert and Partner with Management Partners, LLC, was contracted by the City to examine how COVID-19 has impacted the City’s long-term financial health and to provide an independent look at City finances. The workshop will be streamed live to the City’s Facebook page and will be accessible to the public via teleconference (information below).

At the conclusion of the workshop, the City Council will resume business on weighing two options for the November 2020 General Election ballot - a sales tax increase and a utility users’ tax.

The City has cut millions of dollars from its budget in recent years resulting in an extraordinarily lean operation, therefore, potential new revenue from a local measure will help to prevent more devastating cuts to city services and help the city to maintain fiscal solvency.

Here are options to view the meeting:

• Live on the City of Union City’s Facebook Page
• On UCTV Channel 15
• On the City website at https://www.unioncity.org/199/City-Meetings-Video

If you wish to provide public comment during the meeting, you can log onto the following teleconferencing link/application:

By web browser: http://citycouncillive.unioncity.org

By phone: +1 (415) 466-7000 (US); PIN 4969669#

This press release was produced by the City of Union City. The views expressed here are the author’s own.