12-01-1993 Council Minutes2 - Laserfiche WebLink

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MIXUTES OF HIE 1994 HLDGET HEARING CITY OF ORONO HELD DECEMBER 1, 1993 (#1) ROLL The Council met on the above date with the following members present: Mayor Edward Callahan. Gabriel Jabbour. and JoElIen Hurr. Charles Kelley arrived at 7:18 p.m. J. Diann Goetien was absent. The following represented City staff; City Administrator Ron Moorsc, Finance Director Tom Kuehn, Public Works Director John Gerhardson and Recorder Lin Vec. Mayor Callahan called the meeting to order at 7:06 p.m. .Mayor Callahan explained the purpose of the meeting is to comply with the Truth in Taxation laws. (#2) OPEN PUBLIC HEARING, 7:06 P.M. - 7:55 P.M. The Affidavit of Ihtblication was noted. (#3) BUDGET AND LEVY INFf)R.MATION City Administrator .Moorse explained the proposed budget which reflects a major effort to hold down general operating costs. The General Fund budget covers general operating costs of the City. The overall increase in the General Fund is .64%. Moorse pointed out that the Council portion of the budget increased by appro.ximately S5.000 because the LMCD fees have increased. The Elections portion of the budget increased because there is an election held in 1994 which did not occur in 1993. Engineemg costs arc higher because these fees have been taken out of the street maintenance budget so they can be combined into one account. Although only a .6% increase is proposed in the budget. City Administrator Moorse explained that the tax levy shows a 5.2% increase for the general fund. This is because interest revenue had been transferred from the building fund .n past years which now needs to remam m the building fund to be used for the debt serv ice on the new City facilities bond. The total levy for the City budget is increasing S147,lo3 or 8%. Two c.iuscs for the increase ore: 1. 1992 Bvind levy for the City’s portion of the Stubbs Bay Sewer Project. 2. 1980 Watei and .Sewer Bonds. Moorse presented a chart s.bowing the effect of the tax levy increase on homes in Orono with valuations of $100,000. S200.000 and $300,000. Generally there a about a 3.1% increase if the value suys the saiiK as the last year.