2011 Approved Budget - Laserfiche WebLink

Home

ft. MO: r1 Items IF rom 2007-2011 , overall funding source s for the City's governmental fund operations have remai ned fairly stable with a few exceptions., Property Tax Levy 2007 2008 2009 2010 2011 Urom 2012-20165 it is expected that the City's tax levy will need to 'increase at levels that axe above inflation. This Will be necessary to offset expected increases in personnel-related costs and to strengthen the City's asset replacement fanding mechanisms. Tax increments are expected to decline significantly in 2011 and beyond as the City has closed several *f its larger tax increment districts. The City expects to continue to see reductions M* Mvestrnent earnings 'in the coming years. VVhile casb SWI or reserve levels are expected to remain relatively unchanged, long-term interest rates remain near low historical levels. Charges for Services also remain a significant revenue source for the City, accounting for nearly 13% of total Governmental Fund revenues. These revenues include; internal service charges fTom the General Fund to other general purpose fanctions, IT-rclated charges collected from joint partnerships, and cecreation program fees. These revenues are expected to grow at M'flationary-type levels in the future. They are depicted below.