Annual_Budget_1993_001 - Laserfiche WebLink

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Pavemeat Manaaement Proaram The Pavement Managemeat Program (PMP) is a tweaty year program begua in 1986. The first aight years of the program iavolve a major effort to recoastruct all roadwaye that are aot ia good coaditioa. This phasa will be completed in 1995. During the initial phaee, the City will recoastruct approximately 3.8 milee of roadway per year, at aa anaual cost of two million dollnre. Ia the sscoad phase the volume of reconetructioa, ae well ae the anaual program costs, aill be reducad substaatially ae the focus chaagee to praventiva mainteaaace. The program hae bean vary succeseful aad well received, as demoaetratad by tha positive raactioa of reeidmats in completed aeighborhoode, aad by the fact tbat the requeste from residente foz street reconotruction excaed the level of fuadiag for the program. rke �nrevement Procram The major new iaitiative begaa ia the 1991 is the Parka Improve- mant Program (PIP)• The PIP Program ie desigaed to provi?e for the long-term maiateaance, repair, aad raplacemeat of the ::ity's pazk facilitiae. The geaeral operatioa of the program ie to move through each of the City's parks, based oa an evaluation of park coaditioa, to accomplish a total rapair, renovatioa, or replace- ment of all major facilitiee ia aach park. Becauee some facilities co�oa to a number of parke are currently in need of subetaatial reaovation, •uch as teanie courte and shelter buildiage, the iaitial ysare of the program will focus oa theee facilitiea. The focus will then .hift to the targetiag of individual pazke. Thie program, modelad after the highly �ucceeeful paviag mariage- ment program, is ehowiag outetandiag success as well and is axpectsd to be oontinumd oa for .-he £orseeeable future. :SIJI H -Y • ' :i' ' �' The inteat of thie overview is to provide Budget, aotiag Bigaificaat changes from overview addresses four major arwae: Ta�c Capacity Ratae, Reveauea, and 8xpnaditures. ax Cavacitv a •vmmary of the 1993 the 1992 Budget. The Capa ity, Levy and Tax Tax legiolatioa passed ia 1988 iaitiated the use of the term "Tax Capacity° ia place of "A.sesred Valuatioa" a. a meaeure of property value as a baee for property taxation. The City'e Net Tax Capacity (NTC) for 1992 wa• 531,692,039. The 1993 Net Tax Capacity ie d�tmrmined to be, $33,574,069. 7