2018 Budget and CIP - Laserfiche WebLink

Home

As suggested above, there will be an increasing reliance on property taxes to sustain general purpose operations due to projected lower growth in non-tax revenues as well as the need to eliminate the reliance onexcess cash reserves beyond the next few years. As a result, the impact on taxpayers is projected to increase more rapidly than the inflation rate. The impact on single-family homeowners is depicted in the chart below. General Purpose Taxpayer Impact (Monthly) $110 $100 $90 $80 $70 $60 $50 $40 2018201920202021202220232024202520262027 The impacts depicted in the chart assumes that operations will be funded through existing revenue sources and that no other alternative funding sources will be available. And again, it also assumes that the City will continue providing the same programs and service levels as it currently does. A gradual increasein cash reserves is expected over the next few yearsreflecting planned tax levy increases to provide for asset replacement and to maintain proper cash reserve levels.Projected cash reserve levels for the City’s general purposeoperations is depicted below. General Purpose Funds Cash Reserves $16 $14 $12 $10 $8 $6 $4 $2 $- 2018201920202021202220232024202520262027 82