Why is an extension necessary?

Since 2007, general fund revenues have declined by nearly $8.5 million, from $57.8 million to $49.3 million. This is due to a variety of factors, most notably the lingering economic downturn, which has cut into traditional revenue streams. The elimination of redevelopment agencies and the defeat of Measure V have put an additional financial strain on the City, to the point where even with a Utility Users Tax (UUT) extension the City faces a projected budget deficit in the 2014 fiscal year of $7.6 million.

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1. What is the Utility Users Tax (UUT)?
2. How much does the Utility Users Tax (UUT) contribute to the general fund?
3. What does the Utility Users Tax (UUT) cost me?
4. Will a “yes” vote increase my taxes?
5. Why is an extension necessary?
6. What is the City doing to run a more fiscally responsible organization?
7. What If the Utility Users Tax (UUT) goes away?
8. Don’t property taxes and our new water rates pay for a lot of this?
9. Aren’t we simply paying for employee retirement costs?
10. Are low-income households and senior citizens still exempt from paying the tax?