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FY 16-17 Forecast Assumptions <br />Incorporates achievement of 20% General Fund reserve level of <br /> <br />$41.5M and Economic Uncertainty Reserve of $3.8M <br />Another conservative Sales Tax projection of 2.2% <br /> <br />“…it would be short-sighted in the extreme to now embark upon a host of new <br />spending only to see massive cuts when the next recession hits\[….\]fiscal <br />restraint must be the order of the day.” <br />-Governor Brown, January 7, 2016 <br />Total Property Tax moderate growth of 4.5% (outlook: stable) <br /> <br />Utility User’s Tax will reflect water conservation efforts and decrease <br /> <br />in the price of natural gas as well as the expansion of <br />Telecommunications (outlook: stable) <br />Business License increase of 1.5% <br /> <br />Hotel Visitors Tax moderate increase of 2.5% <br /> <br />Ongoing innovation and efficiency savings of $2.1M <br /> <br />6 <br />FY 2016-17 GENERAL FUND FORECAST <br /> <br />