Table 14.8 shows general fund revenues of a suburban city of 29,000 residents for the past eleven years. Conduct a revenue risk assessment. What is the revenue risk of each revenue source? What are the risky sources in your judgment? What is the risk of the revenue portfolio? Can you discuss possible revenue collection strategies to improve the portfolio risk?

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Property Year taxes Utility and franchise taxes Licenses and permits IGR User charges 1 5,959,942 6,999,214 1,529,097 5,817,858 2,683,038 2345678 6,404,029 6,884,535 1,741,884 5,603,067 2,489,606 6,854,967 8,865,372 1,436,497 5,437,853 2,549,963 8,226,736 8,115,696 1,813,857 5,461,688 3,383,324 9,608,919 8,313,949 2,281,556 5,946,434 3,226,640 13,121,630 8,147,617 2,509,545 6,820,539 3,546,082 14,626,118 7,199,201 3,144,780 6,928,813 3,820,138 17,315,192 7,190,208 2,501,672 6,692,469 3,524,221 9 16,260,916 7,238,824 2,363,710 6,646,488 3,811,202 10 16,529,608 7,499,549 2,595,700 6,013,806 3,714,765 11 (last year) 15,850,265 7,800,364 1,423,597 5,730,574 3,610,827