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Chair Brannan discusses the city's economic outlook
0:08:34
·
23 sec
Finance Chair Brannan provides an overview of the city's economic outlook based on the Council's forecast.
- The Council projects tax revenue to grow at an average of 4.5% annually through the forecast period.
- This growth rate, while positive, remains below the 5.5% annual growth seen in the prior decade.
- Brannan notes that while the economic environment is not ideal, it does not justify aggressive cuts.
Justin Brannan
0:08:34
The council sees tax revenue to grow at an average of 4.5% annually through the forecast period, while trending the right way remains below the five and a half percent annual growth the city saw in the prior decade.
0:08:48
While the council does not project a dream economic environment, that's no rationale for aggressive cuts and failing to make use of every resource we have on hand.