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<br />/'l <br />U <br /> <br />MONDAY <br /> <br />MAY 24, 1982 <br /> <br />cost to the City of $268,441.00; (2) the City's debt service requirements (all for <br /> <br />school purposes) through the year 1990; (3) an estimate of the number of employees <br /> <br />who will become eligible for 2~% pay increases in 1982-83 under the City's <br /> <br />Classification/Pay Plan; and (4) the results of a recent survey of policies of local <br /> <br />industries and business firms as to their current pay plans. <br /> <br />Councilman West then offered, for discussion purposes, a proposal that the 1982-83 <br /> <br />real estate tax rate be reduced by eight cents (i.e., from the current 92~ per one <br /> <br />hundred dollars of assessed valuation to 84~), which would reduce 1982-83 estimated <br /> <br />revenue by $224,000.00, to be offset in appropriations (a) by a reduction of <br /> <br />$70,000.00 in the City's General-Electric-Water funds through a reduction in salary- <br /> <br />wage cost-of-living adjustments for City employees from the proposed 8% to 6%; <br /> <br />(b) the reduction by $49,000.00, as proposed by the City School Board in its revised <br /> <br />estimates presented at this meeting, in the net local cost of operating the local <br /> <br />school system; and (c) a further reduction by $105,000.00 in the net local cost of <br /> <br />operating the school system. In the ensuing discussion of this proposal, reactions <br /> <br />thereto by other members of Council were generally as follows: <br /> <br />Mayor Greene supported the proposal, provided the City's pay plan provisions <br />for development-merit-Iongevity are maintained. <br /> <br />Vice Mayor Cole opposed the proposal, favoring the total recommended budget, <br />including the School Board's revised request and the 8% cost-of-living pay <br />adjustment for City employees. <br /> <br />Councilman Oakes offered a substitute or compromise proposal, generally <br />concurred in by Mayor Greene and Councilman Reed, to reduce the real estate <br />tax rate by six cents (from the current 92~ to 86~) and thereby reduce 1982-83 <br />estimated revenue by $70,000.00-to-$84,000.00, with a reduction in the cost- <br />of-living pay adjustment for City employees from the proposed 8% to 7%; with <br />the reduction proposed by the City School Board of $49,000.00 in net local cost <br />of operating the school system; and with a further reduction to be requested of <br />the School Board of $70,000.00-to-$84,000.00 in the net local cost. <br /> <br />To all of these proposals, as they might effect the School Board's budget request, <br /> <br />School Board Chairman Worth H. Carter (and the Board members) objected because of the <br />