Every year the City and Schools work together to project out City revenues and expenditures over a period of five years. Assumptions are calculated based on past actuals, trends, economic indicators, and regional and local economics.
The purpose of this report is to provide City Council, the School Board and interested residents with an understanding of the long range impacts of current City and School expenditure policies, demographic changes, and our current revenue streams.
Based on the above assumptions, a Five Year Forecast is presented to the City Council and School Board to assist with the upcoming budget process.