Laserfiche WebLink
� <br />M�fTI1�G 9_20_76 <br />RE�UEST �OR C�����1. ���i�� Da�E: <br />AGENDA SECTIQN: QRtGINATlNG DEPT./plV.: <br />Reports � Recommend.ations Adm <br />ITEM NO.: ITEM aESCRiPriorv� px.oPosed I977 Anxiva.l. City Budget <br />� `.� <br />DEPT.HEQD APPROVAL. <br />MGR. REVIEWEO/RECOMMENDS: <br />The City Caimcil at a Work Session on Wednesday, Saptember 15, reviewed in detail <br />the proposed 1977 annual City Budge�C. <br />The proposed. bud.ge� provides for expenditures of $8,249,945, ox 5.89$ over the <br />1975 budget. The tax Ievy needed to support the pxoposed expenditures is $2,264,S9Z, <br />vr $505,459 over the cuxrent year. <br />The largest single new pragram zncrease on th� expendi�ture side is �or the LhxtGh Elm <br />disease program in -Che amount af $125,950. <br />The principal reasons for the �ncrease in the tax levy are a decrease in the amoimt <br />of available resenres ana the freeze enacted by the ].egisiaturs on the amount of <br />state aids received by the City. These twt� fa�tors accotzn� �or 65� nf �.he in�ease. <br />The estimated assessed valuation is $174,638,221, ox a$13,579,569 increase over the <br />prior year. This provides a 1977 mill rate of 12.96 mi11s, <br />The Cotmc�.I ma.p wish ta establish a.ts regular meeting af September 27, as the da�e for <br />final adoption of the budget. The tax levy mus� be certi£ied na later than Ociober 10. <br />Action Requested: Motzon ta establish September 27, as the date �or <br />final adoption of the proposec� 1977 annua,l City Buaget. <br />