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<br />City Council Regular Meeting - 12/04/06 <br />Minutes - Page 3 <br /> <br />respectfully requested that the City of Roseville consider the <br />cumulative impact of other taxing jurisdictions, and consider <br />decreasing the proposed five percent (5%) levy increase for <br />2007. <br /> <br />b. Al Sands, 2612 Aldine <br />Mr. Sands provided a Bench Handout entitled, "City of <br />Roseville, 2007 Proposed Budget Review," based on his <br />interpretation of the City Manager proposed budget letter <br />dated July 10,2006 and subsequent memo dated October 23, <br />2006. Mr. Sands addressed residential versus commercial <br />valuations; questioned the need for an additional $111,000 <br />reserve funds; and encouraged Councilmembers to "clean <br />up" the loose ends in the budget recommendations prior to <br />the December 18, 2006 final levy adoption; and spoke in <br />support of a four percent (4%) levy increase. <br /> <br />Mr. Sands recognized that the City's annual levy was <br />unusually low due to the interest earnings available from the <br />City's reserve funds; and complimented past Council's for <br />their action in building these reserves, specifically noting the <br />Pavement Management Plan (PMP) reserve fund. <br /> <br />Mr. Sands encouraged senior citizen taxpayers to review their <br />tax statements when received in March to determine if they <br />were eligible for a rebate; and suggested City staff assistance <br />to taxpayers if requested. <br /> <br />c. Interim City Manager and Finance Director Chris Miller <br />At the request of Mayor Klausing, Mr. Miller addressed the <br />rationale for continuing to add to reserve funds. Mr. Miller <br />reviewed, from the slide presentation, factors attributable to <br />the levy increase, including General Inflation - all service <br />inputs; eliminating the use of reserves; additional funds for <br />vehicle replacements; additional funds for park <br />improvements; and other funding. Mr. Miller advised that <br />the proposed funding was to replenish funds previously <br />removed from reserves to correct a structural imbalance <br />between expenses and revenues. Mr. Miller advised that <br />continuing drawdown of these reserves on an annual basis <br />was not sustainable, and further eroded funding mechanisms. <br />