5.
Improve
Town’s Fiscal Condition
Diversify revenue sources
consistent with Town values to reduce pressure on residential property tax;
identify and pursue internal operating efficiencies; and develop a strategic
financial plan for long-term sustainability [Phil
Boyle Document, Council Retreat 2008].
Council
Identified Assumptions:
- The tax
base will increase [Council Work Session Feb, 2008].
- *More than
half of Chapel Hill’s residents work somewhere else [Council Work Session Feb,
2008].
Comprehensive
Plan Goal Assumptions:
- *The Town
should identify areas where there are creative development opportunities [Comp
Plan, Theme 5].
- *The Town
should encourage desirable forms of non-residential development [Comp Plan,
Theme 6].
- *The Town
should develop strategies to address fiscal issues [Comp Plan, Theme 12].
Staff
Assumption:
- The
findings and recommendations of the Fiscal Equity Study will serve as
strategies for improving the Town’s fiscal condition [Staff].
* Indicates an assumption that is
repeated throughout the six strategic prioritized goal areas
Indicates two opposing assumptions