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GF EXPENDITURE TRENDS GF labor Costs & Authorized Positions 6 yma Ad�wwenibo� ..—�ee,me $129.1 �0 F pma$113.6 $117.6 $104.4 $110.4 �..�� IN ass pea m0 Wa sma 731 760 768 808 825 4NO r ssas rvva$ rvu.0 nss.0 rvve.v Labor Costs 5.5% FY 12-13 vs. FY 16-17 Labor Costs onenose, ienaeanin ar e<M,a wwna +$25M ,ea a sxs nnzRmU.v 5 -YEAR GF REVENUE & EXPENDITURE TRENDS FIVE-YEAR GENERAL FUND FORECAST — FEB. 2018 • Regional Economists are predicting slight economic growth as total GDP growth for the nation will hover around 2.3% in 2018 • Wall Street Journal: "[National]GDP Grew 2.6% at Year End (...]U.S. economy is in unusual territory: not quite booming" • Governor Brown in his Governor's Message as part of the proposed budget warned: `In recent years, I have warned of an inevitable recession lurking in our future, which thankfully has not yet arrived (...] Fiscal restraints are needed more than ever as California approaches the peak of the business cycle." CITY COUNCIL MINUTES 15 FEBRUARY 5, 2018 {2W 231.2 2240 am 2262 5223.0 221.9 2220 32241 233.5 5213.9 S2041 2210 205.7 -_ $200 $297.7 "as' nm F1243 fY 1319 FY 14-16 FY 16-06 rY 140 FYpdt NMae ACuls ACWYs NCuvly yrpvb OYip xnues r�X0000E5 Revenues Expenditures 2% 4% tI a1h�Msa2: Yrta% gowne M�,avaM aLx.�3 '[duan lFe9&dMM Wa•MVOssaue nmfY ]Oi3.v3 FIVE-YEAR GENERAL FUND FORECAST — FEB. 2018 • Regional Economists are predicting slight economic growth as total GDP growth for the nation will hover around 2.3% in 2018 • Wall Street Journal: "[National]GDP Grew 2.6% at Year End (...]U.S. economy is in unusual territory: not quite booming" • Governor Brown in his Governor's Message as part of the proposed budget warned: `In recent years, I have warned of an inevitable recession lurking in our future, which thankfully has not yet arrived (...] Fiscal restraints are needed more than ever as California approaches the peak of the business cycle." CITY COUNCIL MINUTES 15 FEBRUARY 5, 2018