Hire consultant to forecast city tax revenue for next 10 years
In Plain English
A state audit found the city needs better financial planning tools including economic downturn scenarios. Beacon Economics will predict income from property tax, sales tax, utility tax, business tax, and real estate transfer tax through 2033. The 3-year contract costs $60,000 with annual updates to help city budget more accurately.
Auto-generated summary. Source: official agenda documents.
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