Oro Valley Town Manager Mary Jacobs has recommended a record setting town budget of $143.2 million for Fiscal 2019. The fiscal year begins this July 1. The town will hold public hearings on this budget in June.
Last week, we posted the "Budget v Inflation."
This week we present the rate of growth* that has occurred each year for the past 8 years in the Oro Valley budget. It is 5.6% on average per year. We compare it to the rate of growth in inflation and in medial Oro Valley household income during (roughly) the same period. These are 2.2% and 1.4% respectively. Please feel free to draw your own conclusion.
This week we present the rate of growth* that has occurred each year for the past 8 years in the Oro Valley budget. It is 5.6% on average per year. We compare it to the rate of growth in inflation and in medial Oro Valley household income during (roughly) the same period. These are 2.2% and 1.4% respectively. Please feel free to draw your own conclusion.
*It is the compound growth rate over the 8 year period.
