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General Fund <br />Assumptions –Five Year Projection <br />Budget Study Session <br />2010-2012 <br />If no Council action taken, annual deficits are <br />? <br />projected to range from $435,000 to $5million <br />through FY 2014-15 or 0.6% to5.9% of annual <br />revenues. <br />Secured property taxes are expected to <br />? <br />decrease 1% in FY 2010-11, increase 1% in FY <br />2011-12, and increase 3% annually thereafter. <br />Sales tax revenue is expected to grow 1.5% in <br />? <br />FY 2010-11, projected to increase 2.3% in FY <br />2011-12 , and 3% annually thereafter. <br />25 <br />