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Regular City Council Meeting Monday, November 16, 2009 Page 11 the expense of the Equipment Fund, moving it back toward zero again, with the exception of $110,000. Councilmember Roe concurred with the line item reflecting loss of state aid for 2010 in the amount of $450,000, which was in addition to expenses, since the state would take that amount back once they gave property owners their MVHS credits, 40% over last years increase, with the state forcing the City to include that amount if they wanted to provide full funding for their regular programs at current service levels. Councilmember Roe sought to clarify for the public that while it may appear to taxpayers that the City was requesting an additional $450,000, they needed to be aware that the State was taking it back and it didn't really represent a credit; causing municipalities to increase their levy and budget by an additional $450,000. b. Receive Public Comment on 2010 Budget Mayor Klausing opened the Public Hearing at 7:17 p.m. to receive public com- ment on the proposed 2010 Budget. Public Comment For the record, City Manager Malinen noted receipt of written e-mailed comment for tonight's meeting from Garry F. Andersen, 1711 Skillman Avenue W; and Ja- son Etten, 2054 Cohansey Boulevard Garry F. Andersen, 1711 Skillman Avenue W Mr. Andersen noted that he had provided his comments in writing via a-mail, most related to City reserves; and acknowledged Councilmember Roe's response to his a-mail, allowing him to better understand designated and non-designated re- serve funds. Mr. Andersen sought additional information on which funds were and were not designated, and suggested a worksheet be provided for public consumption, and detailing which is based on City ordinance and which related to State regulations to provide more transparency. Mr. Andersen opined that it appeared that the City was continuing to fall short of funds for street repair, based on his interpretation of PMP funds; questioned re- serve fund availability based on investment policies and maturity dates. Mr. An- dersen also questioned the status of TIF Funds scheduled for reimbursement by developers, given the current economic climate and many of those developers go- ing out of business, questioning risk impacts to the City's investment program as well as TIF funds. Mr. Andersen also requested information on the status of contract re-negotiations; future allotment of funds as a policy discussion and in more detail to better define designated funds. Mr. Andersen suggested that if the City was going to tax citi-