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Recommended Budget Reflects Cautiously Optimistic Outlook

The City released its FY2022/23 Recommended Budget. The budget presents a cautiously optimistic outlook for the future. Our tax revenues are moving in the right direction. Projected pension expenses are lower due to strong CalPERS returns. We also received American Rescue Plan Act funds that were critical to balancing the budget. Sunnyvale’s long-term planning and strong reserves have helped the City weather the pandemic and continue to deliver core services.

The City Council will review and discuss the Recommended Budget at the Budget Workshop on May 19. The City Council will hold its annual hearing for the budget on June 7 and will consider adoption of the budget on June 21.

May 9, 2022