Bellevue is currently forecasting a fiscal shortfall in the general fund. The graph below shows the expenditure and revenue growth estimates for the current year and the next few years.

 

Question:

How would you prepare a analysis for this recommendation?

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Millions $270 General Fund Forecast Total Expenditures $250 1% Property 1% Property $230 Tax Increase $210 LEOFF 1 Tax Increase Sales Tax Annexation and Opening of Fire Station 10 Total Revenue $190 Ending Fund Balance 15% Council Policy Pay as you go $170 $150 Adopted 2023 Adopted 2024 Forecasted Forecasted 2025 2026 Forecasted 2027 Forecasted 2028 Millions $270 General Fund Forecast Total Expenditures $250 1% Property 1% Property $230 Tax Increase $210 LEOFF 1 Tax Increase Sales Tax Annexation and Opening of Fire Station 10 Total Revenue $190 Ending Fund Balance 15% Council Policy Pay as you go $170 $150 Adopted 2023 Adopted 2024 Forecasted Forecasted 2025 2026 Forecasted 2027 Forecasted 2028