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<br />WEDNESDAY, MAY 7, 1986 <br /> <br />Exhibit I <br /> <br />- <br /> <br />Alternatives for Balancing the <br />City's FY86-87 Budget <br /> <br />ALTERNATIVE NO. 1 <br /> <br />Elimination of proposed 14 cents tax increase (which would yield <br />revenue in the amount of $473,128) and maintaining a projected <br />Surplus of 3% ($633,643) as of June 30, 1987. <br /> <br />A. Cuts made by Council: <br />-"'-" <br /> Schools $225,000 <br /> Less approved <br /> expenditures (FY85-86) -40,000 <br /> Sub-Total $185,000 <br /> Agency/Organization <br /> Library $ 29,341 <br /> J. Martin School (Museum) 14,400 <br /> Probation 4,000 <br /> Rescue Squad 5,148 <br /> Anchor House 825 <br /> Sub-Total 53,714 <br />B. Possible line item cuts of functions <br /> under the jurisdiction of the City <br /> Manager in order of priority: <br /> Transportation Allowance <br /> (Two Commissions) $ 1,400 <br /> Fire Truck 30,000 <br /> Air Conditioning Jail 21,000 <br /> Pay Reclassification Adjust. 52,723 <br /> Street Construction 42,000 <br /> Data Processing 67,378 <br /> Risk Mgt/Personnel Tech. 20,003 <br /> Sub-Total 234,504 <br /> Total Cuts $473,218 <br /> <br />NOTE: Total cuts equal revenue from proposed 14 cent increase. <br /> <br />~-:" r'j l' <br />tGL <br />