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1/2/2025 <br />5 <br />The City’s Budget Process <br />•A budget takes months to develop and involves community input <br />9 <br />City Revenue Sources <br />10 <br />Taxes <br />Fees <br />Taxes <br />•Primary source for General City services and programs <br />•Unrestricted <br />•New taxes/changes require voter approval <br />Grants <br />Other <br />Fees <br />•Recover cost for providing specific services <br />•Require nexus to cost of service <br />•Subject to State Constitution <br />9 <br />10 <br />Page 89 of 109