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• Revenue Growth - sales tax projections based on expertise of City's outside <br />tax consultant/auditors; growth rates set by component of property tax and <br />business sector for sales tax; other revenues have own growth rates <br />• Recessions - adjustable timing and magnitude for recessions to "stress test" <br />forecast (most models omit recession impacts or just use more conservative <br />estimates) <br />• Revenue Options - shows impact of adding new revenues, , <br />or loss of current sources <br />• New Development - uses projected new housing and <br />hotels or other development to be consistent with <br />Planning forecasts _ <br />• Base Costs - starts with detailed costs for all current <br />- ��/�_• Doti - _ <br />employees/authorized positions using position control <br />• Labor -aggregates payroll costs by fund and bargaining ° <br />unit to aid in labor negotiations <br />• Wage Impacts - COLAs, merit increases, savings based on historical turnover <br />rates (most models do not address issue of turnover) <br />• Attrition - shows impact if vacant positions are eliminated upon turnover <br />• Service Levels - add/reduce positions or spending levels to show impact of <br />unmet needs or budget cuts (part of alternate scenarios) <br />• Pensions - projects normal costs and each Unfunded Accrued Liability (UAL) <br />amortization base for all plans and tiers through 2050 per 2017 CalPERS <br />valuation; shows impact of lower benefit levels under state law, lower discount <br />rates, and prepayment options <br />10 <br />