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REQUEST FOR COUNCIL ACTION DATE: 9-12-88
<br />ITEM NO
<br />Department Appriova,l:
<br />Manager
<br />Reviiewed:
<br />Agenda Section:
<br />Reports
<br />and Recommendations
<br />Item Description: Introduction, of the Proposed 1989 Budgetl
<br />in compli"ancewith, state Statutes requiring local government budgets
<br />A-
<br />Lo be certified to, tihe County by October 25,, the 1989 Proposed
<br />A
<br />Budget 'is being priesented at this, time. The proposed budget is now
<br />ziviailable for public inspectionft
<br />The' following is a brief overview1of the 1989 Budget:
<br />Estimated Assessed Valuati*on,,
<br />A 0-
<br />The estimated assilessed valuation is $343,324,012. This is a 41
<br />li
<br />increase over tihe 19,87' valuation.
<br />Expenditures, Levies, and Mill Rate*.
<br />The total, budget for 191819 'i's $16,478,954. This is an increase of
<br />a
<br />$1,43�5,1913 or 9,54 percent over 1988. Tax levy requirements to
<br />finance this budget are $5,,15,4,451, for an 'increase of $154,451, or
<br />3 ei 0 4 percent, .
<br />Biased on the estimated assessed valuation and the levy requirements,
<br />the, mill rate of 1989 will be 14-377 mills.. This 'is 8% less than
<br />t7t,e, 119,88 -wilolli rate.
<br />Taxes .1
<br />The 1989 Budget will, result 'in a,
<br />,on the, averiag,e home in, Roseville.
<br />decrease 7,,10%, or $121.10111
<br />10
<br />1.801 percent decrease in the taxes
<br />Taxes on a $100,000 home wi 11
<br />it is recommended action on the 1,989 Budget be continued to the
<br />regular Ciouncil meeting, oif September 26, 1988. The budget document
<br />li o
<br />e glabl fr public 0
<br />i s, ava i inspection at City Hall and at the Public
<br />L ibraryi.
<br />COUNCIL ACTION REQUESTED: Motion continuing action on the 1989
<br />Budget to the regular Council meeting of
<br />September, 26, 19880
<br />
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