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REQUEST FOR COUNCIL ACTION <br />AGENDA SE <br />Reports and Recommendations I Adm <br />Fi 1\10' ITEM DESCRIPTION' Proposed 1981 Budget <br />MEETING <br />CATE. 9-22-80 <br />DEPT, <br />MGR, REVIEWED/ RECOMMENDS <br />On August 11 , the Ci ty Counci I me ' t in a work session to review the budget programs <br />and policies for the calendar year 1981, <br />The proposed budget for 1981 was presented at the September 8. Council meeting which <br />included a public hearing on the proposed use of 1981 Revenue Sharing Funds. Consider- <br />ation of the budget was continued until this meeting, <br />the 1981 budget, as presented,, calls for expenditures of $9,388,313, This is a 6,05% <br />increase over 1980, The tax levy requirement is $3,095,843, or 10,38% over 1980, <br />Because of changes in the formula for computing assessed valuation and other changes <br />designed to benefit the taxpayer, this levy requirement results in an estimated mill <br />rate of 11.457 mills. This is a decrease of 1.586 mills,, <br />Proposed uses of Revenue Sharing included in the 1981 budget are the same as proposed <br />it the September 8,, hearing and are itemized-below. The total is $180,000. <br />J'here are several actions --requi-red whl*ch inclode adopting the budget, certifying the <br />fo <br />tax levy, reducing the levy r debt serVic-e and the designation of Revenue Sharing <br />Funds . <br />���C�Vf MW <br />Fire Department <br />Bike Path Grant <br />Lake Improvements <br />lot <br />