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131 accompanying unemployment payments the City would have to bear. More importantly, it would retain the <br />132 valuable services those employees provide to the community. <br />134 'Under the Recommended Budget, a typical - valued home would pgy additional taxes of $,0.93 cents per- <br />135 month compared to the previous year. Raising the proposed tax levy by an additional $, 100,000 (perhaps to <br />136 restore other identified budget cuts) would require an added $,0.42 cents per month for a typical home. <br />137 Even with these proposed tax increases, the City's local tax rate would remain approximately 25% below <br />138 the average for peer communities. <br />139 <br />140 POLICY OBJECTIVE <br />141 Adopting a 2012 property to and utility rate increase is consistent with meeting the capital infrastructure <br />142 goals and objectives identified in the Imagine Roseville 2025 process and CIP, and will help ensure that the <br />143 City maintains the high priority programs and services identified by the City Council. <br />144 FINANCIAL IMPACTS <br />145 See above. <br />146 STAFF RECOMMENDATION <br />147 Not applicable. <br />148 REQUESTED COUNCIL ACTION <br />149 For information purposes only. No formal Council action is necessary. <br />1 <br />Prepared by: Chris Miller., Finance Director <br />Attachments: A: City Manager Memo dated 8/4/11 with revised key Budget Infonnation <br />B: Staff RCA from 8/8/11 Council Meeting (** Note ** Budget reduction amounts were revised in City <br />Manager Memo dated 814111) <br />C: Budget Program rankings ("Note Bud getfigures on these reports have been updated; see 818111 <br />W.A. Program Rankings remain unchanged) <br />Page 4 of 4 <br />