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FY2026 -27 General Fund Ten -Year Outlook Assumptions <br />Revenue Assumptions Expenditure Assumptions <br />•Property Tax : 2.79% for FY26 -27; 3.1% growth <br />thereafter <br />•Sales Tax : Revised to 1.9% for FY26 -27; 3.1% <br />thereafter <br />•CPI assumption : inflation factors for all other <br />revenues <br />⚬Fluctuations in future years <br />⚬Only recurring revenues & expenditures <br />included <br />•MOUs : 5% increase in FY2025 -26; 4% increase in <br />FY26 -27 <br />•Labor below top step : negotiated increase + 5% <br />merit step increases <br />•Pension Unfunded Liability : an additional $2.2M <br />required contribution in FY26 -27 based on <br />updated CalPERS actuarial information <br />•OC Fire Authority : 3.0% annual contract increase <br />in FY26 -27, and 4.5% annually thereafter <br />•OC Streetcar Operations : Annual estimate of <br />$2M <br />•Pension Stabilization Contributions: <br />Contributions and uses to smooth future pension <br />costs; inflation applied to all other spending <br />4