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EVERETT COMPREHENSIVE PLAN <br /> ECONOMIC DEVELOPMENT ELEMENT <br /> I. Introduction <br /> ' Cities have an interest in economic development because jobs are important to their <br /> citizens, and because economic health affects the city's ability to provide services. <br /> Considering the Growth Management Act (GMA) goal for economic development,1 <br /> ' Everett is in a position to promote economic opportunity and to encourage economic <br /> growth. An economically healthy City helps support its own public services, as well as <br /> county and state programs through employment and the tax revenues. A strong <br /> ' employment base provides an opportunity for city residents to earn a living which, in <br /> turn, supports local businesses that generate additional tax revenues. <br /> I <br /> Utility Taxa, Other Taxes <br /> 7% 7% <br /> State Shared Revenue, <br /> 7% <br /> Beginning Fund Balance <br /> 1 5% <br /> Bi0Tex A <br /> zxm Miscellaneous <br /> 22% <br /> `viz. KN '`f• 4% <br /> •'' ;y�,f " Charges for Services <br /> 4% <br /> ' :3::::••.,:::;:i:'''i�'7r2i';:a`j '`Fiisi2'?iii' ;':�si:iiiii`2i:E'`'.�' :' <br /> ProTax <br /> Property <br /> 19% <br /> Sales Tax <br /> 25% <br /> GENERAL GOVERNMENT 1993 REVENUE <br /> 1 The GMA goal states: "Encourage <br /> ' economic development throughout the <br /> state that is consistent with adopted <br /> Comprehensive Plan,promotes economic <br /> ' opportunity for all citizens of this state, <br /> especially for unemployed and for <br /> disadvantaged persons, and encourages <br /> 1110 growth in areas experiencing insufficient <br /> economic growth,all within the capacities <br /> of the State's natural resources,public <br /> services,and public facilities." <br /> 1 ED-1 <br />