Minutes 05/07/1986 - Laserfiche WebLink

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26~ WEDNESDAY, MAY 7, 1986 ,- A special and duly-called meeting of the Council of the City of Martinsville, Virginia, with Mayor William C. Cole, Jr., presiding, was held Wednesday, May 7, 1986, in the Council Chambers, City Hall, beginning at 2:30 P.M., for the purpose of continuing Council's consideration of City Manager George W. Brown's recommended 1986-87 City Budget and, also, for the purpose of taking such preliminary actions thereon as Council deemed necessary. All members of Council were present, viz., William C. Cole, Jr., Mayor; Eliza H. Severt, Vice-Mayor; Alfred T. Groden; L. D. Oakes; and Clyde L. Williams. Council acknowledged receipt of the following memorandum prepared by City Manager Brown entitled, "Alternatives for Balancing Proposed FY86-87 Budget", upon which Mr. Brown commented and elaborated, meanwhile expressing his preference that Council adopt his proposed budget as presented: In consideration of Council's expressed concerns 14 cent real estate tax increase and various line in the proposed FY86-87 budget, coupled with cuts made in the budgets of the School Board, organizations, I feel that it is appropriate alternatives for balancing the proposed budget. regarding the items included that have been agencies and for me to submit I have, therefore, prepared two alternatives for Council's use and consideration with respect to the proposed budget (See Exhibits I and II). I would point out that the approximate breakdown of total projected General Fund expenditures for FY86-87 is as follows: Education 50%, Agency/organizations 17%, and functions under the jurisdiction of the City Manager 33%. It is hoped that cuts in these major categories could be somewhat proportionate. The percentage cuts of each of these three categories in the two attached alternatives are as follows: