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<br />City of Martinsville <br />Optional Budget Adjustments <br /> <br />o Revenue Options Recurring $$$$ (Cont.) <br /> <br />15. Real estate tax increase $0.10 OR (PPT $0.60 =$568,800) $ 568,000 <br />16. Recover wholesale price increase from 2005 17? $ 1,000,000 <br />17. Increase solid waste fee to $2 less than private sector $ 360,000 <br />18. Meals tax adjustment by 1% $ 240,000 <br />19. Eliminate Treasurer/Com Rev.-add to Finance $ 100,000 <br />20. Storm Water Utility Assessment $ 50.000 <br />21. Reduce number of take home cars (Save Gas) $ 2,000 <br />22. Growth In City Revenues (Estimated $350K - $SOOK) <br /> <br />o Additional Options One Time $$$$ <br />1 . Sell baseball facility (Hooker Field) $ <br />2. Sell baseball team $ <br />3. Close four parks and sell land $ <br />o One Time Expenditures FY07 $$$$ <br />1 . FY 07 Liberty Street Project Expenses $ 596,000 <br /> <br />700,000 <br />300,000 <br />80,000 <br /> <br />Council Work Session <br />Dec 21, 2006 <br /> <br />21 <br /> <br />City of Martinsville <br />Suggestions Budget Adjustments <br /> <br />o Suggestions From All Sources <br /> <br />1. Freeze Pay - No Raises FY 08 <br />2. Voluntary pay cuts by employees <br />3. Voluntary pay cuts by Council <br />4. Stand up. speak up and say what no one wants to hear. Taxes are going up! <br />5. ...."ask that you exempt my Office from impending RIF." (Constitutional Office) <br />6. Reduce Number of cell phones - go back to radios. <br />7. Cut CM Expenses/Salary <br />8. Cut CM Administrative staff. <br />9. Contracting for services with Henry Co. for duplicative school services <br />10. Prorating of personal property (est. rev. $200,000, administrative cost - $18,770.) <br />11 . Eliminate Citizen Recognition <br />12. Eliminate Communications Department <br /> <br />Council Work Session <br />Dec 21, 2006 <br /> <br />22 <br /> <br />11 <br />