Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
As suggested above, there will be an increasing reliance on property taxes to sustain general purpose <br />operations due to projected lower growth in non-tax revenues as well as the need to eliminate the reliance <br />onexcess cash reserves beyond the next few years. As a result, the impact on taxpayers is projected to <br />increase more rapidly than the inflation rate. The impact on single-family homeowners is depicted in the <br />chart below. <br />General Purpose Taxpayer Impact (Monthly) <br /> $100 <br /> $90 <br /> $80 <br /> $70 <br /> $60 <br /> $50 <br /> $40 <br />2016201720182019202020212022202320242025 <br />The impacts depicted in the chart assumes that operations will be funded through existing revenue sources <br />and that no other alternative funding sources will be available. And again, it also assumes that the City <br />will continue providing the same programs and service levels as it currently does. <br />A general decline in cash reserves isexpected over the next few yearsreflecting planned spend-down of <br />excess cash reserves. However, this practice will need to be mitigated shortly thereafter to ensure that <br />reserve levels stay within targeted ranges. Projected cash reserve levels for the City’s general purpose <br />operations is depicted below. <br />General Purpose Funds Cash Reserves <br /> $8 <br /> $7 <br /> $6 <br /> $5 <br /> $4 <br /> $3 <br /> $2 <br /> $1 <br /> $- <br />2016201720182019202020212022202320242025 <br />85 <br /> <br />