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2014-2019 Strategic Plan | 7 Infrastructure Invest in the community’s infrastructure A properly funded infrastructure management and reinvestment program is essential to the long-term financial health of the city. Quality infrastructure such as roads, parks, trails and city facilities is a key factor in maintaining the quality of life for current and future residents. Major Challenge Areas: • Asset Infrastructure Management • Degradation of Infrastructure/Capital Replacement Challenges • Asset Management • Aging Infrastructure • Henderson Pavilion Upgrades Highlights: • Establish a properly funded infrastructure management and reinvestment program • Develop a technology asset management strategy • Address aging infrastructure issues • Upgrade Henderson Pavilion’s audio-visual/technical sound Financial Sustainability Ensure long-term financial resiliency The city continues to deal with the effects of the national economic crisis that began in 2008. The State of Nevada was hit particularly hard by the collapse of the real estate market. The city’s revenue structure, in particular property tax, saw sharp declines in 2008 that are still being felt today. The city’s objective is to recover from the current period of fiscal stress and to implement policies and practices that will help it become more adaptable to changing financial conditions and withstand economic downturns in the future. Major Challenge Areas: • Financial Sustainability • Financial Sufficiency and Stability • City Agreement Tracking Process Highlights: • Stabilize revenue structure and develop processes to deliver efficient public services • Develop a uniform process across departments to track, review and follow up on development-related legal agreements


14-219502_Strategic_Plan_Booklet_revision_13_FINAL
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