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REVENUE PROJECTION ANALYSIS STUDY <br /> By: James E. Norman, City Administrator <br /> <br />Background: <br /> <br />As the Council is aware, the State Legislature continues to discuss the continuation of <br />levy limits for local units of government. With the amount of projects the City desires to <br />implement and concern with the availability of revenues, staff would suggest the City <br />authorize a revenue projection analysis be performed for a long-range estimate of <br />revenues available to the City. <br /> <br />The City utilized the services of Springsted Financial Consultants to perform an analysis <br />of existing tax increment financing districts which was received in May 1998. Staff <br />would suggest that Council authorize a similar study be performed on revenue <br />projections. <br /> <br />Staff has had a discussion with the Springsted Financial Consultants regarding the <br />proposed study and they have provided different examples of the type of study the City <br />may request. (Letter attached to Case). Staff will request a discussion with the <br />Committee regarding the authorization of a revenue projection analysis for the City. <br /> <br />Committee Action: <br /> <br />Based upon discussion. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />Finance Officer <br /> <br />FC: 04/27/99 <br /> <br />jo/revprojanalysis <br /> <br /> <br />