city of flagstaff – gfoaz – october 21, 2011. general fund revenue overview (in thousands)
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City of Flagstaff – GFOAZ – October 21, 2011
General Fund Revenue Overview(in thousands)
Proposed New Taxes/Fees
General Fund Revenues
Sales tax options Use tax – no Medical marijuana taxation - no
User fees - no Primary property taxes
Maintained revenue; allowed statutory increase
Franchise fees Voter increase May 2010 for APS
Interest earnings Outsourced investing
Expenditures
Salary reduction of 1.2% No salary increases for 3 fiscal years Benefit decreases Loss of 121 positions (13%) General fund
19% decrease FY2010 6% decrease FY2011 2% decrease FY2012 – eliminated
structural deficit
Grants$2.2 M in FY08; $3.4 M in FY12
State shared revenue1.26% FY11; 1.31% FY12
Renewed economic interestAspen Sawmill project
November 2010 bond election$16.5 M Street/Utility project$4.72M Public Safety radio
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