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<br />~\City of Redwood City <br />RedWOOd] C "I P" "t S tt" <br />U"llvGalifll'nil ounci non y- e mg <br />~uu"""1 M t" <br />~/ ee mg <br />.~ <br />~_/ February 6, 2006 <br /> <br />Assumptions Used <br />To Develop <br />Preliminary Projections <br /> <br />Secured property taxes increase at 4.5% per year in <br />FY 2006/07 and FY 2007/08. <br /> <br />Sales taxes increase at 4.0% per year in FY 2006/07 <br />and FY 2007/08. <br /> <br />Two additional police officers, approved by Council in <br />September 2005, are included. <br /> <br />Plans for additional law enforcement personnel and <br />maintenance for the downtown will be primarily <br />financed by parking fund resources. <br /> <br />Excess ERAF payments will continue through FY <br />2008/09. <br /> <br />3 <br />