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Finance Highlights 2011 0506
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Finance Highlights 2011 0506
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Last modified
6/2/2011 3:56:37 PM
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6/2/2011 3:54:58 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
5/6/2011
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_CC Agenda 2011 0606
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\City Clerk\City Council\Agenda Packets\2011\Packet 2011 0606
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5/6/2011 7:56 AM <br /> • <br /> FY 2012 Revenue Assumptions <br /> Conservative estimates — reflect slow economic recovery <br /> • Property Tax no growth <br /> • Real Property Transfer Tax no growth <br /> • Utility Tax & Franchise Fees +.5% <br /> • 911 Tax +1.4% CPI (plus 2% growth) <br /> • Business License Tax +1.4% CPI (plus 2% growth) <br /> • Total Sales Use Tax +18% (largely Measure Z) <br /> • Sewer Services +5% <br /> • Shoreline revenues no growth <br /> • Redevelopment funding no growth <br /> • All other revenues -1.0% to no•growth <br /> FY 2012 Expenditure Assumptions <br /> No position reductions — no wage increase <br /> >Maintain current level of service (reduced from 2009) <br /> Furlough & medical cost share savings <br /> • Medical rates +7 %; Dental rates +2% <br /> PERS Employer rate increase: <br /> • +4.5% for Safety & +4.7% for Non -safety <br /> No State take -aways — RDA included in budget <br /> >CIP newly funded projects of $4M <br /> $170K parks; $3.85M streets & roads <br /> Increase Economic Uncertainty Reserve by $300K <br /> Reviewed department line item budgets $1.3M in savings <br /> • <br /> io <br /> 5 <br />
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