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1111 INTRODUCTION <br /> The Economic Development Plan is essentially a process to enable <br /> the City to plan for future development. This development <br /> implies commitments . from both the public and private sector, <br /> however . In order for the City to prepare a capital improve- <br /> ments program, which will outline major capital expenditures for <br /> a five-year period , the current financial status of the community <br /> needs to be reviewed . Future expenditures must be planned based <br /> on past records of revenues and expenditures . As the taxpayer is <br /> one of the major sources of revenues for the community, it is <br /> also useful to have . detailed information on trends in tax <br /> revenues and assessments . This section contains data on City <br /> revenues and expenditures , mill rates , property taxes , assessed <br /> valuation , and indebtedness. <br /> 1111 <br /> ••1111 <br />