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<br />It further is in order that I acknowledge the contributions of <br /> <br />the City Department Heads in assisting me with this budget presentation. <br /> <br />and in particular. Mr. W. H. Yeaman. who. as Director of Finance. <br /> <br />has compiled and assembled the data which constitutes the proposed <br /> <br />document. <br /> <br />There have been included within the budget. to the best of my <br /> <br />knowledge, sufficient funds as to assure a continuation of the present <br /> <br />level of service. as well as to provide for the redemption of all bonds <br /> <br />and the payment of bond interest maturing during the year. In addition, <br /> <br />funds for some non- recurring expenditures and, als 0, to effect certain <br /> <br />departmental recommendations have been included; nevertheless, I <br /> <br />would expect to study these most carefully before deciding with you <br /> <br />whether and in what manner such funds should be released. <br /> <br />Summarily. the proposed budget: <br /> <br />1. Is balanc ed; <br /> <br />2. Continues last year's property tax rates>> viz: $2. 00 on <br /> <br />real estate and $2.25 on personal property and machinery <br /> <br />and tools (per one hundred dollars of assessed valuation); <br /> <br />3. Maintains utility and other charges at current rates; <br /> <br />4. Meets the total requests of the School Board; <br /> <br />5. Provides funds in the amount of $35.000 to complete a <br /> <br />major portion of electric substation No. 3 (Page 54, <br /> <br />13-D-2: 902 C); <br /> <br />- 2 - <br /> <br />.".........__......"._,.___"....,_"____~.,,,.~....".,._"~.....__..;",,..~,__...""~_~..____H~.'_.."' <br /> <br />._._..---,..~-_.~.,...._,.-"...._-'_.._..,,- ~,. ,.. <br />