Laserfiche WebLink
zz <br />23 <br />Department Approval <br />�� ,�: �� <br />Item Description <br />l�'�, <br />Jy <br />REQUEST FOR COUNCIL ACTION <br />Date: 8/24/09 <br />Item No.: 13.a <br />City Manager Approval <br />� / <br />Continue Discussion on the City's 2010 Sudget and Property T� Levy <br />BACKGROUND <br />Over the past several months, the City Council has held numerous meetings on 2010 budget-related items <br />including discussions on the budget, property t� levy, capital investment plan, and the budgeting for <br />outcomes process. <br />While this represents a considerable increase in the budget-related workload for both the Council and Staff, <br />it is necessitated by the City's urgent need to respond to the continued loss of state aid and the need to <br />achieve fiscal sustainability. <br />As required by State Statutes, the City Council will be establishing a preliminary, not-to-exceed property <br />t� levy at its September 14, 2009 meeting. While it is especially challenging to set a preliminary levy <br />without full knowledge of cost inputs or projected non-t� revenues, the Council is advised to establish this <br />preliminary levy based on citywide global needs. The Council can then dedicate the next few months to <br />finalize city priorities and desired outcomes before setting a final levy in December. <br />While this approach is significantly different than previous years, and may require greater faith that the end <br />result will be a successful one, it is a necessary piece to establishing a new budget decision-making process. <br />For 2010, the City is facing several citywide budget and t� levy concerns. They include: <br />$453,000 <br />New Legal or Contractual <br />Obligations <br />$900,000 <br />Re-establishing Funding for <br />Vehicle replacements <br />Page 1 of 4 <br />