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� City of Redwood City <br /> �rdw��d Assumptions Used <br /> �H��'��Bes Year Two Review of City Priorities <br /> 2°°6-2°°$ To Deve I o p <br /> � and General Fund Financials <br /> February 12, 2007 <br /> Preliminary Projections <br /> • Secu red property taxes i ncrease at 6.0% i n <br /> FY 2007/ 08 and 5 .0% FY 2008/09 . <br /> • Sales taxes increase at 4.0% per year in FY <br /> 2007/ 08 a nd FY 2008/ 09 . <br /> • Excess ERAF payments will continue through <br /> FY 2009/ 10. <br /> • Includes development fees for all <br /> foreseea ble futu re projects as of Ma rch <br /> 2006. Update 3/ 07 . <br /> • Costco closes from 4/ 1 /07 th roug h 9/ 30/07 <br /> for reconstruction . New store 33% larger. <br /> 23 <br />