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� <br /> City of Redwood City <br /> RCdW00d Budget Study Session <br /> CI�V HuoleArlee�i <br /> FY 2007/08 <br /> � - - General Fund <br /> Budget Assumptions (Cont. ) <br /> • Excess ERAF rebates will continue - $1 .7 million in FY <br /> 2007/08. <br /> • No further declines in sales tax due to electronically <br /> delivered software. <br /> • Supplies and services increased by 2.5%. <br /> • All increases in salary and benefits costs are due to <br /> increases required under labor agreements (e.g. <br /> negotiated salary increases, retirement costs, and health <br /> benefits). <br /> • Increases provided for "mandated" items such as <br /> property tax collection charges and certain items offset <br /> by additional revenues. $ <br />