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to the relative stability of the unemployment rate. Major industries with headquarters or divisions located <br />manufacturers, electrical controls and medical services, and several divisions of state government <br />departments which administer the state highway system and the Stateeducational administration of K- <br />12 operations. <br />The City of Roseville area has an employed labor force of approximately 40,000which is anticipated to <br />remain steady for the foreseeable future. <br />Because of the fully developed nature of the community, the opportunity for new and expanded housing <br />is limited. The city's emphasis has been, in recent years, on assisting homeowners to redevelop and <br />remodel the current available housing so that as the change-over from older residents occurs, younger <br />families will continue to be attracted to Roseville. <br />Long-term Financial Planning. The city council annually participates in the development of <br />long-term goals and objectives. Recently adopted goalsinclude; establishing adequate funding <br />mechanisms for infrastructurereplacement, redevelopingoptions,and securing funds <br />fornew initiatives. <br />The city is also working closely with state, federal and neighboring communities to improve the area's <br />state and county transportation network, which includesupgraded highways and strategically-placed <br />pathways. Funding for most of the transportation improvements will need to come from state, county and <br />federal sources, with a smaller portion supported by the local taxpayers. <br />Relevant Financial Policies.As part of the annual budget process, the City reviews a number of fiscal <br />and budget policies.There have been no significant changes to these policies from the previous year. <br />Major Initiatives. Each year the goal of the City is to provide residents and businesses with the necessary <br />and desired services in the most efficient manner while limiting the financial burden to taxpayers. <br />Secondary goals center on the allocation of resources to uphold previously identifiedcommunity <br />aspirations, and meeting the needs identified in the most recent citizen survey. Those aspirations included <br />the following: <br />City of Roseville Community Aspirations <br />Welcoming, inclusive, and respectful; <br />Safe and law-abiding; <br />Economically prosperous, with a stable and broad tax base; <br />Secure in our diverse and quality housing and neighborhoods; <br />Environmentally responsible, with well-maintained natural assets; <br />Physically and mentally active and healthy; <br />Well-connected through transportation and technology infrastructure; and <br />Eng <br />and businesspeople. <br />3 <br /> <br />