We need to come up with a longterm solution to address our financial challenges, Susan Hsieh, Pleasanton's Financial Director, told the council during Thursday night's budget workshop. The council in the first few months of this year will decide how to attack an estimated $100 million deficit over the next eight years.
Balch, supported by new Councilmember Matt Gaidos, suggested the city hire an outside consultant to re-evaluate the city's financial condition. The City Council then voted 4-1 to hire a consultant and add another two workshops to discuss key decisions regarding the $239 million operating budget.
City Manager Gerry Beaudin has prepared the city for scenarios such as an economic recession in the near future, which could mean the city loses anywhere from $13 million to $22 million annually. But the mayor is not convinced things will get that bad.
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