Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
<br />r; '"> <br />" ""' <br /> <br />WEDNESDAY, MAY 7, 1986 <br /> <br />Exhibit II <br /> <br />Alternatives for Balancing the <br />City's FY86-87 Budget <br /> <br />ALTERNATIVE NO. 2 <br /> <br />Reduction of proposed tax rate of 90 cents to 79 cents (3 cent <br />increase) which would yield additional revenue in the amount of <br />$101,385 and maintaining a projected Surplus of 3% ($633,643) as <br />of June 30, 1987. <br /> <br />A. Cuts made by Council: <br /> <br />Schools <br />Less approved <br />expenditures (FY85-86) <br /> <br />$225,000 <br /> -40,000 <br /> Sub-Total $185,000 <br />$ 29,341 <br /> 14,400 <br /> 4,000 <br /> 5,148 <br /> 825 <br /> Sub-Total 53,714 <br /> <br />Agency/Organization <br />Library <br />J. Martin School (Museum) <br />Probation <br />Rescue Squad <br />Anchor House <br /> <br />B. Possible line item cuts under jurisdiction <br />of the City Manager in order of priority: <br /> <br />Transportation Allowance <br />(Two Commissions) <br />Fire Truck <br />Air Conditioning Jail <br />Pay Reclassification Adjust. <br />Street Construction <br /> <br />$ 1,400 <br />15,996 <br />21,000 <br />52,723 <br />42,000 <br /> <br />Sub-Total <br /> <br />133,119 <br />$371 ,833 <br /> <br />Total Cuts <br /> <br />C. Amount to be received by 3 cent tax rate increase: $101,385 <br /> <br />Total of cuts and revenue from tax increase: <br /> <br />$473,218 <br /> <br />NOTE: Total cuts plus revenue from 3 cent tax increase balances <br />the proposed budget. <br />