City Council

11.3\nFY 2025-2026 First Quarter General Fund Revenue Update\nRECOMMENDATION: It is staff’s recommendation that the City\nCouncil receive, discuss, and file the FY 2025-2026 First Quarter\nGeneral Fund Revenue update report.\nCONCLUSION: It is staff’s recommendation that the City Council\nreceive, discuss and file the FY 2025-2026 First Quarter General Fund\nrevenue update report. Staff recommend that the City take the\nfollowing steps to address and monitor City Revenue:\n1. Continue to closely monitor card room revenue.\n2. Continue to work through the Cardroom JPA.\n3. Develop contingencies to address any long-term reductions in\ncard room revenues.\n4. Continue to develop additional revenue opportunities.\n Consider .25% Sales Tax Ballot Measure (Estimated $1.3\nMillion per year).\n Retail Cannabis (6 Development Agreements Signed).\n Potential sale of City Water System.\n General Fee Study (Early 2026).\nFISCAL IMPACT: No fiscal impact.\nATTACHMENTS:\nExhibit 1 - Presentation