Quote:
Originally Posted by fotze
Just by those, it would be 11%, but I don't think you can do that because it is based on property value. Maybe a better measure would be operating budget for the past 3 years.
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Operating Budget Highlights
($ millions) 2011 2012 2013 2014
Approved
consolidated budget* $2,716 $2,817 $2,937 $3,078
This is the operating budget projected in the 3 year budget cycle. Just slightly more than the rate of population growth, which was 2.7% last year. So operating expenses are growing slower than inflation + growth.
Keep in mind that property taxes fund about 50% of the operating budget - but is really the only tool besides user fees that the City has adjust to keep up with growth and inflation. Operating budget increases, are always less than what the property tax increase is.