Laserfiche WebLink
Historically, the City's overall levy increase has typically remained at or <br />below inflation. The staff-proposed and Council-adopted levy increase for <br />2003 was 1.65%, which is LESS THAN THE CURRENT INFLATION RATE. <br />As a comparison, over the past five years, the average Roseville levy <br />increase was 2.85%. During this same period the average inflation <br />increase was 2.95%. Thus, inflation is going up faster than Roseville's <br />levy. <br />Recommendation 1: Leave the Aug. 19th Council <br />Resolution in Place <br />For all these reasons, staff does not recommend that the City Council <br />change the August 19� budget resolution. Council's resolution complies <br />with the law, it is accurate, and it is �nancially sound. <br />�arther, the Council's August 19� budget resolution is based on months <br />of research, analysis, and preparation. The August 19 budget resolution <br />was preceded by a series of budget information meetings. The August 19 <br />budget resolution was based on full disclosure of all line-item budgets. <br />The August 19 budget resolution was based on many opportunities for <br />Council and community participation. The August 19 budget resolution <br />was based on advance notice and advance packets of information about <br />what was being proposed and discussed. The August 19� budget <br />resolution puts on the City on a good standing. City taxes are reduced <br />yet city services are maintained. <br />Recommendation 2: Coasider More Budget Cuts in a <br />Thoughtful, Non-Rushed Fashion before December <br />Certainly, the Council is free to reduce Roseville taxes even more by <br />cutting the city budget and the t� levy from that proposed by staff and <br />tentatively adopted by the Council on August 19 as a maximum, not-to- <br />exceed budget and levy. Councilmembers are certainly free to propose <br />and discuss and adopt specific budget cuts anytime between now and <br />December. The Council's budget resolution of August 19 is only a cap; <br />Council cannot exceed that cap but you are free to reduce the budget <br />even more. <br />In that regard, Council will remember that staff has provided Council <br />with an item-by-item, four-page breakdown of where Councilmembers <br />could cut the budget and t�es even further. These cuts are described <br />on pages 77-80 of your budget book. <br />For reference purposes, the preliminary 2003 tax levy that was adopted <br />at the August 19, 2002 Council Meeting was as follows: <br />3 <br />