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WS_DEPT BUDGET PRESENTATIONS - TWO YEAR BUDGET FY13-15
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05/28/2013
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WS_DEPT BUDGET PRESENTATIONS - TWO YEAR BUDGET FY13-15
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Last modified
6/5/2013 1:59:52 PM
Creation date
5/29/2013 12:26:26 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Date
5/28/2013
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Upon completion of former RDA obligated projects, no additional funds <br />available from former tax increment <br />Reduced funding available for affordable housing development <br />Lack of funding available for commercial project development <br />Services impacted by level of grant funds allocated from federal/state <br />agencies <br />Sequestration (projected for FY 13/14) –% change vs. FY 12/13 <br />Community Development Block Grant (CDBG) –4.75% increase * <br />Emergency Solutions Grant (ESG) –20% decrease <br />HOME –5% decrease <br />Housing Opportunities for Persons with AIDS (HOPWA) –5% decrease <br />Housing Choice Vouchers (Section 8) –1.5% decrease <br />Workforce Investment Act –12% decrease <br />*Increase resulting from reduction of Disaster Relief funding <br />65 <br />
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