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DATE -. 9/08/81 <br />ITEM NO. <br />01 <br />Manager Reviewed: Agenda Section <br />HeariLngs I <br />Item Description: Prioposied 1987 Budget, and Use of Revenue Sharing <br />Funds <br />The proposed 19817 Budget is submitted for consiLderation and adoption. <br />The Council met imn Work, Session on, August 18, 1986 to review the <br />i*1roloosed document in dietail, and it wlasi officially introduced at the <br />regular mleetingi on, August 25, 1986,o <br />41 <br />'This is also a hearing on the propolsed use of Revenue Sharing Funds, <br />0 a <br />if the program is, reenacted by Congress. 'The 1986 Revenue Sharing <br />Funds were desiLgnated for the purchase of a maintenance or corporation <br />yard for the handlIng, storage, and/or processing of recyclables. It <br />i s recommendeld that, any Revenue sharing, Funds- rece ived in 1987 be usea <br />i I 1 <br />e 61 <br />for thall- slame purpos <br />Baseld on the est,imated assiessed valuation and the levy requirements, <br />the mill rate fair 19,87 will be 14.212 mills, compared to 13,o58 mills, in <br />19864 <br />The 198�17 Budget will ca,usile 4.8 plercient increase in the taxes of an <br />fil <br />d <br />average home in Roseville. The effect on a $100,000 home is a 2.6 <br />percent increase because a change inthe method of calculating <br />I <br />assessed value has benefited higher valued homes. <br />Li. Motion ad I n <br />opt*ngi the Annual Budget, for the Fiscal Year beginninj <br />i <br />January 1,,, 1987 and ending December 31,, 1987, <br />2. Motion adopting a resolution certifying the tax levy to the County <br />Auditor flor collection during 1987 for the purpose of operating <br />C d tyl I <br />the 1, of Roseville <br />