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REQUEST FOR COUNCIL ACTION DATE: 9/11/89
<br />io"141
<br />ITEM NO a :
<br />Department Appr,ovial,* milaniager Reviewed Agenda Section:
<br />Reports and Recommendations
<br />Item Description: Proposed 1990 Budget,.
<br />111hell Proposeld C�ity Budget for, 1990 wias 'introduced for public inspect ion
<br />at the August 28, 1989 meeting.
<br />40
<br />Following is a, brief overview of the 1990 Budget.
<br />a K
<br />Explendiatur-es, Levies, and Tax CaRacity Rate-
<br />The total budgietfor 19 90 i4s $18,231i,928o This is an increase of
<br />$1,,687,,714, or 10,,20 percent over the 1989 Budgetl Tax levy require-
<br />ments to, finance this budget are $4,,1941,,731,, for a decrease of $212,720
<br />or 4,.12 plei,rcen,t less 'than 1989. 1
<br />Based on preliminary Estimated Market Valuations a�hd levy limitations,
<br />I
<br />the estimated 1990 Tax Capacity Rate is percent, compared to
<br />11,o 014 plercent in 198i9,
<br />Taxels
<br />a
<br />The 1990 Budget will result, in an estimated, decrease in the Clety's
<br />ploirtiion of the proplerity tax on residential homestead property of 1.03
<br />i
<br />percent.
<br />U Mot 110 on adopt ling, a resolution approving the annual budget for thi.
<br />0 0
<br />Fiscal, Year beginning January 1,1 19901, and ending December 31,
<br />1990 is
<br />41 a
<br />2 Mot, "ion aidopting a riesolut 10on certifying, a proposed tax levy to th(z
<br />in
<br />County Auditor foricol,l,eiction during 1990 for the purpose of
<br />operating the City of Roseville.
<br />Mi 0I &
<br />Motion adoloting resolution directing, the County ditor to ad'ust
<br />.W, a Au
<br />I
<br />9i
<br />the tax,, levy for Gieneral Obligatilon Improvement Bonds,
<br />a
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