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San Ramon Facing Structural Budget Deficit, $14.1 Million Shortfall for 2024–25 Budget Year
Posted on 04/30/2024

San Ramon Facing Structural Budget Deficit, $14.1 Million Shortfall for 2024–25 Budget Year

Initial projections from the City of San Ramon’s Finance Department have identified a $14.1 million budget deficit for the 2024–25 Fiscal Year (July 1, 2024 – June 30, 2025), and a structural budget deficit across the last five years.

The City Council reviewed the preliminary 2024–25 budget and budget balancing strategies, and provided direction to City staff at a special City Council Budget Workshop on Tuesday, April 23 (click here to view a recording of the meeting). Further budget review will be scheduled at upcoming City Council Meetings on Tuesday, May 28 and Tuesday, June 11, with the deadline to approve a balanced budget no later than June 30, 2024.

In 2020, City revenues were impacted significantly by COVID-19, and still have not returned to pre-pandemic levels. With inflation, the cost of providing services has continued to increase year over year, and City expenditures have outpaced revenues, resulting in a structural budget deficit.

The City has balanced its budget across the past five years by cutting expenditures, including freezing vacant staff positions, delaying maintenance where it was not an immediate health and safety risk, and delaying the planned replacement of equipment and vehicles.

The City initiated a Fee Study, to review where it is currently subsidizing services, and consider a higher rate of cost recovery.

The City also benefitted from outside funds in recent years. Like many communities, the City of San Ramon received one-time federal support through the American Rescue Plan Act (ARPA), and the $8.1 helped bridge the budget deficits in two fiscal years. 

In addition to the April 23 Budget Workshop, the City of San Ramon is conducting public outreach around the City’s Financial Outlook and Funding Needs.

This includes a Resident Survey on Community Priorities (open through April 30), a virtual Community Town Hall on Friday, May 17 at 10 a.m. (see link below for details), an in-person Community Town Hall on Thursday, May 30 at 6:30 p.m. at the Dougherty Station Community Arts  Center (17011 Bollinger Canyon Road, San Ramon, CA 94582). At these events, City Manager Steven Spedowfski will provide a short presentation on the City’s finances, followed by an open-mic period for residents to provide input and ask questions.

Residents are encouraged to watch Tuesday’s City Council Budget Workshop, and attend an upcoming Community Town Hall to provide feedback on their funding priorities.

Residents can also email communications@sanramon.ca.gov with additional feedback. 

> View Agenda for April 23 City Council Budget Workshop

> Watch Recording of April 23 City Council Budget Workshop

> Upcoming Events on City Financial Outlook and Funding Needs

> Resident Survey