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    Cupertino Budget Crisis

    City of Cupertino
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    • long
      long last edited by pofetl

      About 40% of the City of Cupertino's revenue comes from sales taxes. But with a state audit, the sales tax revenue is estimated to drop 73% this year, from $11.4 million from $42.1 million, a $30.7 million change. The City of Cupertino's budget will change from surplus to deficit. See staff report for details.

      Below is a screen shot of the staff report.
      8848301d-22ee-4102-be6e-a4b77c993eb8-image.png

      The city offered three strategies: reduce fund, cut expenditure and increase revenue.

      Below is a screen shot of fund reduction.
      ea6572ea-a2ee-4511-9b1a-9a8c2bc420d2-image.png

      Below are screen shots of expenditure reductions.
      acd7eca2-f02b-4f3e-82ed-e0d264b0706d-image.png
      0946f6a2-fd91-4a33-91ec-af0a6cd88a13-image.png

      Below are screen shots of increasing revenue.
      c013889d-ab6e-4227-9283-708f7cece5ba-image.png
      3b954e0a-ad43-4b1d-ac38-aa71e5ae260b-image.png

      The City of Cupertino is conducting a survey.
      How should Cupertino balance its budget?

      Below are some ideas not offered in the city survey above.

      • A hiring freeze while the budget is in deficit. The Staff per 1000 residents ratio is at all time high (3.32). How about scale it back to FY 14-15 level (2.62)? refrence
        10cd0e98-4b51-46c5-90f6-3149e292f97e-image.png
        Given the population is 66,274 in 2022, we can save 46 positions. Each position costs about $186,000 per year (See Expenditure Reduction Strategies above). The saving is about $8,556,000 per year.

      • Change the City Hall plan to minimum, which would reduce $16.4M for renovation, or $63.9M for a new City Hall. See here for more details.

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