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Local Economy. The City of Roseville currently enjoys a favorable economic environment and local indicators point to continued stability and improvement. The region, while noted for a strong retail sector, enjoyed modest re-development in recent years. The re-development consisted of varied retail that added to the relative stability of the unemployment rate. Major industries with headquarters or divisions located within the governmentÓs boundaries or in close proximity include computer hardware and software manufacturers, electrical controls and medical services, and several divisions of state government departments which administer the state highway system and the StateÓs educational administration of K- 12 operations. The City of Roseville area has an employed labor force of approximately 40,000 which is anticipated to remain steady for the foreseeable future. Because of the fully developed nature of the community, the opportunity for new and expanded housing is limited. The city's emphasis has been, in recent years, on assisting homeowners to redevelop and remodel the current available housing so that as the change-over from older residents occurs, younger families will continue to be attracted to Roseville. Long-term Financial Planning. The city council annually participates in the development of the CityÓs long-term goals and objectives. Recently adopted goals include; establishing adequate funding mechanisms for infrastructure replacement, redeveloping the CityÓs housing options, and securing funds for new initiatives. The city is also working closely with state, federal and neighboring communities to improve the area's state and county transportation network, which includes upgraded highways and strategically-placed pathways. Funding for most of the transportation improvements will need to come from state, county and federal sources, with a smaller portion supported by the local taxpayers. Relevant Financial Policies. As part of the annual budget process, the City reviews a number of fiscal and budget policies. There have been no significant changes to these policies from the previous year. Major Initiatives. Each year the goal of the City is to provide residents and businesses with the necessary and desired services in the most efficient manner while limiting the financial burden to taxpayers. Secondary goals center on the allocation of resources to uphold previously identified community aspirations, and meeting the needs identified in the most recent citizen survey. Those aspirations included the following: City of Roseville Community Aspirations Welcoming, inclusive, and respectful; Safe and law-abiding; Economically prosperous, with a stable and broad tax base; Secure in our diverse and quality housing and neighborhoods; Environmentally responsible, with well-maintained natural assets; Physically and mentally active and healthy; Well-connected through transportation and technology infrastructure; and Engaged in our communityÓs success as citizens, neighbors, volunteers, leaders, and businesspeople. 5 Qbhf!24!pg!334