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<br /> <br />BudgetAssumptions <br /> <br />Certainassumptionsaredecidedonasafoundationfordevelopingabudget.These <br />assumptionsguidetheCityindeterminingthelevelofservicethatwillbeprovidedtoresidents <br />andhowthoseserviceswillbefunded.TheCity’sbudgetpracticeistouseconservative <br />revenueestimatestoassureadequatefundingofexpenditures. <br /> <br />2022Assumptions <br />TheCityisassumingapopulationgrowthof1%peryearuntiltheTCAAPdevelopmentoccurs. <br />TheChartbelowdemonstratestheCity’spopulationgrowthoverthelastnineyears.Afterthe <br />2010Census,theCity’spopulationwasreportedas9,552. <br /> <br /> <br /> <br />AstheCity’spopulationgrows,sodoesthedemandforservices.Thisincreaseindemandfor <br />servicesalsorequiresincreasesinparks,milesofstreets,watermainsandsewerlinesthatneed <br />tobemaintained.In2022,theCitycontinuesvariousinfrastructureimprovementsastheCity’s <br />infrastructureages.ThisgrowthanddemandcanresultintheCity’soperatingbudgetsgrowing <br />fasterthantheConsumerPriceIndex(CPI)andincreasedinfrastructureimprovementscan <br />causetheCity’spercapitaspendingtoincrease. <br /> <br />9,000 <br />9,200 <br />9,400 <br />9,600 <br />9,800 <br />10,000 <br />10,200 <br />2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 <br />Population <br />15