Page 27 - Planning Potential News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Plan would also want to point out i have the gentleman from the Controllers Office that answer revenue questions and want to thank thank you to harvey rose and mr. Campbell if the boards budget and Analyst Office in the shared budget plan 0 produced to show the shared trends over the next 5 years so i thought today i would talk about the Key Assumptions workplace the 5 year explain and go over the general fund case essential the cost to operate our government the government we have today over the next 5 years and share fiscal strategies how to bridge the gaps between revenues and expenditures ...

Supervisor katie tang as well as commissioner eric mar Supervisor Scott Wiener and supervisor norman yee i want to thank Jennifer Lowe and Charles Kremenak madam clerk, any announcements . Yes. Electronic devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the march 17 board of supervisors agenda unless otherwise stated okay. Thank you madam clerk colleagues two agenda items one substantive a 5 year budget plan want to thank everyone for this and looking at looking forward to a fruitful next month. Number one the...

Associated with our Public Safety hiring plan plan also assumes the package from november of the increases in the mta baseline the citys minimum wage and the renewal of the Childrens Fund so those restraining order incorporated into the projections and finally we assume that in the first year of the budget which was the second year of last years budget the funding for capital and it are based on what was actually opportunity by i did mayor and the board so im going to go into revenues and talk about expenditures. Ms. Howard just so our community is clear and members of the public those numbers...

Expenditures grow more quickly than the revenues are growing our fiscal strategy is really youre not to cut programs and services but to grow at a slower rate instead of growing the cost of government by 23 percent grow at 18 percent that is closer to cip and identify the revenues solutions that what about part of that package so we propose in the plan a number of fiscal strategies to solve the gaps in every year including reviewing Capital Spending and restructuring some of the debt and generating savings and manage the benefit costs the contract we negotiate with the employees as well as the...

Is no economic downturn 13 percent growth over the next 5 years as i mentioned the higher growth rates are higher in the 3 years of the plan because we want to make sure that were accounting for potential risk of economic changes over the last years of the plan the top like that t is what were projecting with our revenue fined resources to 210 million in growth compared to the first years and another one hundred a Strong Revenue growth i think were looking across you know all our major tax Revenue Growth 4 5 and 6 percent and slower in the last part of the plan ill highlight the second line is...