Michael Johnston: “Revenue has grown steadily at about 5% average revenue…”

“So, next slide. So this is what the city's revenue growth looks like over the last 15 years. What you can see is over the last roughly 15 years, Revenue has grown steadily at about 5% average revenue growth every single year [over the last 15 years]. And that works because when your revenues go up about 5% a year, generally your costs do too. You have increased costs of contracts, you have increased costs of health care, you have pay increases for employees.” (05:51–06:01)

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