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5/14/2014 <br /> General Fund <br /> 15 <br /> General Fund <br /> Key Items, Issues, and Considerations <br /> ❑ The funding structure is severely limited by state law <br /> ❑ Continued attacks on funding sources and revenue amounts by the <br /> Arizona Legislature through tax code revisions and changes to state- <br /> shared revenue distributions ($150,000 impact in FY15) <br /> ❑ 85% of the General Fund revenue comes from City and State- <br /> assessed taxes which have no correlation to service demand <br /> ❑ 66% of FY15 General Fund expenses will be for public safety; up <br /> from 60% in FY14, and 80% of the costs of public safety are for <br /> personnel <br /> (note:the Regional Communications Center,which is cost-recovered, has <br /> been separated from Police and Fire for this FY15 calculation) <br /> ❑ The vast majority of public safety cost escalation in recent years is <br /> attributable to State-mandated pension cost increases <br /> ❑ The growing cost of public safety is continuing to pressure other City <br /> programs, services, and available resources directly related to the <br /> overall quality of life in our community <br /> 16 <br /> 8 <br />