After months of discussion, on June 1 the SLO City Council adopted a two-year financial plan that lays the foundation for the City’s budget, community priorities and economic recovery through 2023.
Beginning in February, the SLO Chamber Board advocated for a suite of goals to support community and economic recovery — many of which were adopted in the City’s final plan. Some of the key areas that we championed included:
- a focus on long-term fiscal health
- directing budget resources on areas of overlap between Major City Goals
- addressing unfunded liabilities
- and funding key infrastructure
Many of the impactful advancements included in the final budget are possible because of the passage of Measure G-20, a local sales initiative that has helped boost the City’s general fund by approximately 25 million dollars as compared to last year. All told, the general fund is budgeted at $98.7 million for fiscal year 2021-22, which starts on July 1, and $103.6 million for fiscal year 2022-23.
The budget, which includes plans for continuing core public services, making major infrastructure improvements, and aiding in the community’s COVID-19 economic recovery, sets the tone for the city’s path forward after more than a year of disruption and economic hardship due to the pandemic.
All of this work is guided by four Major City Goals:
- Economic Recovery, Resiliency & Fiscal Sustainability
- Diversity, Equity & Inclusion
- Housing and Homelessness
- Climate Action, Open Space & Sustainable Transportation
These goals are naturally intertwined which is why we proudly support the City’s prioritization of programs that will help our community recover more efficiently and responsibly. We know that smart economic development advances diversity, equity & inclusion; that addressing housing and homelessness supports small business success; that investing in transportation infrastructure will improve our quality of life while getting us closer to achieving our climate action goals; and that a fiscally sound City is truly in the best interest of all residents.
The Chamber is particularly supportive of elements in the financial plan that ramp up community infrastructure improvements over the next five years including addressing bike and pedestrian infrastructure, improving major traffic corridors and sidewalks, and investing in Mission Plaza, local parks and playgrounds.
We will continue to advocate for policies that support our members and make San Luis Obispo a great place to live, work and do business. Learn more about the SLO Chamber’s advocacy and read the City’s two-year financial plan which includes detailed breakdowns for each of the City Council’s goals as well as each department’s planned spending, projected revenues and major upcoming projects.