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5/14/2014 <br /> FY15 Budget Context, <br /> Key Issues, and Considerations <br /> ❑ Stabilization and growth of the regional, state, and national economies <br /> ❑ Transaction Privilege Tax(TPT)—the financial impact of"reform" <br /> legislation reducing construction sales tax and shifting to State collection <br /> (Loss of$150,000 in FY15 and$300,000 in FY16 for each of General <br /> Fund and Streets Fund) <br /> ❑ Property tax capacity and revenue stream diversification <br /> ❑ Employee pay and benefits; compression; funding/impact of mandated <br /> retirement system increases <br /> ❑ Airport Area—"revisioning," economic development, Antelope Hills Golf <br /> Course public-private partnership <br /> ❑ Tourism-the continuing importance to the City economy; keeping <br /> downtown attractive; identifying new venues for selected existing and <br /> new events (e.g., Watson Lake) <br /> ❑ Public safety response alternatives, and transition to enhanced fuels <br /> reduction program to reduce wildfire susceptibility—fuels reduction is <br /> among the highest priorities for funding as an essential City service <br /> ❑ Strengthening relationships with regional partners <br /> 7 <br /> Personnel, Pay, and Benefits <br /> 8 <br /> 4 <br />