HomeMy WebLinkAbout12-18-2012 a celke b1S °°°°°°°°"""'°l "'council memonanO u
DATE :
December 17, 201 2
TO :
City Council
FROM :
Katie Lichtig, City Manage
Prepared by :
Brigitte Elke, Principal Admi 'strative Analyst
SUBJECT :
Five-year Forecast /Beacon Economic s
In preparation for the December 18, 2012 Council meeting, staff prepared a financial forecas t
document . In the overview section, staff listed three sets of forecast number for sales tax from differen t
resources . Unfortunately, the numbers quoted on page B1-12 did not reflect the final informatio n
received from Beacon Economics .
Information based on Beacon Economics Ori final Versio n
2013-14 2014-15 2015-16 2016-17 2017-1 8
Staff 3 .5%3 .0%3 .0 %
HdL 5 .0%4 .0%4 .0%4 .0 %
•
Beacon 5 .0%6.4%8 .0%7.8%6 .6 %
Information based on Beacon Economics Final Versio n
2013-14 2014-15 2015-16 2016-17 2017-1 8
Staff 3 .5%3 .0%3 .0 %
HdL 5 .0%4 .0%4 .0%4 .0 %
Beacon 6 .0%5.7%5 .0%5 .8%6 .3%
Please note that the five-year forecast uses the numbers provided by HdL which are more conservativ e
in their growth rate and sales tax income prediction . As a result, this oversight has no influence on th e
provided forecast .
AGENDA
CORRESPONDENC E
Date .2-t$ 'la -Item#6
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