CITY COUNCIL REGULAR MEETING AGENDA PACKET

Pleasanton Comprehensive Fee Update and Nexus Study November 2024 11 Table 2 Existing Service Population Factor Estimate Population and Employment Growth Projections The nexus analysis relies on estimated population and employment growth likely to occur by buildout of existing City plans. EPS reviewed projections from several sources including the Association of Bay Area Governments (ABAG) and the California Department of Finance (DOF) but relied primarily on Pleasanton’s 6th Cycle Housing Element Draft EIR and General Plan to estimate population growth. Employment growth is based on an employee to resident ratio of 0.81, which is sourced from Pleasanton’s transportation model. EPS growth projections are based on approved City planning documents rather than specific projects “in the pipeline” at the local level, as such projects are, at this point, potentially speculative, and do not cover all years in the planning horizon. As summarized in Table 3, this approach results in a total population of approximately 96,400 residents and total employment of approximately 78,080 employees at buildout. This equates to an increase of 19,941 residents and 22,434 jobs, representing a 26.1 percent and 40.3 percent increase over existing conditions, respectively. The buildout estimate does not correspond to a particular year, but rather reflects projected development embodied in City-wide planning documents. #% Employment Status of Pleasanton Residents1 Formula:a = b * 76,459 b 1 c= b * c Not in Labor Force 41,149 53.8% 100% 53.8% Employed in the City 5,007 6.5% 50% 3.3% Employed Outside of the City 30,303 39.6% 67% 26.6% Total Residents 76,459 100.0% 83.7% Residence Status of Pleasanton Employees1 Formula:a = b * 55,650 b 1 c= b * c Live in the City 5,007 9.0% 50% 4.5% Live Outside the City 50,643 91.0%33% 29.9% Total Jobs 55,650 100.0% 34.4% Employee to Resident Equivalency Factor 3 (34.4% / 83.7%) = 41.1% (3) Equals weighted average of residents divided by weighted average of employees. Sources: LEHD OnTheMap 2021, Department of Finance, and Economic & Planning Systems, Inc. (2) Represents EPS estimate of how various types of residents and employees relate to each other in terms of demand for City Services. Item Existing Weight2 Weighted Average (1) Distribution based on data from U.S. Census (OnTheMap 2021). Total residents are based on 2023 estimates provided by DOF in Table 2. Total jobs are based on 2021 estimates from U.S. Census (OnTheMap 2021). Page 72 of 893