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Findings <br />► Does the City of Everett have a structural funding gap between General <br />Government expenditures and revenues? <br />Yes. The two single largest factors here are the 1-747 cap on property tax <br />collections and the rate of growth in labor costs. <br />How does the Committee define fiscal sustainability? <br />the ability to balance the City's budget while sustaining maintenance and <br />operations levels. <br />having the capacity to weather some moderate level of revenue loss or <br />L unanticipated expense year to year by spending down existing reserves, rather <br />than implementing staffing and program cuts. <br />the City's adopted budget be able to support programs, services and infrastructure <br />that together make the City an attractive place to live, work and play. <br />