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Additional tax levy pressures are also expected ta corrAe frorri the Ciiy's Asset R�pIacernent <br />programs which are currently deficient by several hundred thousand dollars aru�ualiy. Finally, <br />any added ernphasis or new initiativ�s that might resuit frorr� t�e City's Imagine Rosevil�e 2025 <br />pxocess will also require additional tax le�y dallars. <br />�i�ally, City Sta£� have c�eveloped a prei�m�nary budgef forecast based an existin� prograz�s and <br />services as well as �:he information received ihrough the Iinagine Roseville 2025 process. Staff <br />�as alsa �aaked a� the projected re�venues for 200$, incl�ding an estimate n£ �he pra�erty tax <br />i�.crease i�at �ight �e generally supported by t�e citizens and Council. Based o�. this <br />information, Departacz�ent Heads have identified spe�ding �eeds i�at exceed �rojec�ed revenues <br />by apprnximately $1 million. $1 tnillion represents approxirr�ately 6% of the $17 million in <br />projected expenditure needs in the City's pro�er�y tax-s�pp€�rted pragra�ns. <br />To bridge this f�nding gap we need to; 1) increase property taxes by $1 million above and <br />beyond wha� we would "nornlally„ increase, 2} reduce f�ndin� �or core service� such as police, <br />f�re, s�:reet mainfienance, and park rnaintenance by a si�nilar amo�nt, or �) a corr�bination of the <br />two, <br />0 <br />