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PowerPoint 2A Work Session 2015 0323 GF and CIP Budget
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PowerPoint 2A Work Session 2015 0323 GF and CIP Budget
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3/24/2015 1:17:45 PM
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3/20/2015 4:24:02 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
3/23/2015
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PERM
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11 <br />Revenue <br />(change from prior year) <br />2015-16 <br />$ Change <br />2015-16 <br />% Change <br />2016-17 <br />$ Change <br />2016-17 <br />% Change Assumption <br />Property tax $ 434 2% $ 381 2% Increased assessed values <br />Real property transfer <br />tax <br />0 <br /> <br />0% 0 0% Difficult to project <br />Utility Users and <br />Franchise tax <br />121 1% 148 1% Slow economic recovery <br />911 tax 27 1% 27 1% Conservative projection <br />Business license tax 93 2% 95 2% Based on CPI <br />Sales & Use tax 3,481 13% (791) (3%) Projection from sales tax <br />consultant; triple flip <br />adjustment in 2015-16 only <br />Transaction tax <br />(Measure HH) <br />4,191 68% 404 4% Measure HH begins <br />4/1/2015; projection from <br />sales tax consultant <br />All other revenues (588) (4%) 67 0.5% Extraordinary property sales <br />in prior year <br />General Fund Revenue Assumptions <br />(Dollars in Thousands)
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