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92089.3 <br />.001*� <br />TO: Mayor and City Council }��jj <br />FROM: nark E. Bernhardson, City Administrato���Vt� <br />DATE: September 20, 1989 <br />SUBJECT: 1990 Budget <br />Attachment: A. Commentary to 1990 Budget Guidelines <br />ISSUE - <br />COUNCIL MEET <br />LNG <br />SEP 2 51989 <br />CITY OF ORON <br />1. Reminder of preliminary Budget discussion meeting <br />6:00 P.M. <br />WEDNESDAY, SEPTEMBER 27, 1989 <br />(Please bring this memo and attachments plus 1990 <br />Proposed Budget document. Box lunches will be provided.) <br />2. Presentation of additional information for that meeting. <br />INTRODUCTION - Attachment A provides commentary as to the <br />relation of initial budget guidelines to the proposed budget plus <br />comments on selected division budgets. <br />DISCUSSION - 1he proposed budget levies the maximum allowed under <br />the general fund levy limits. The overall increase in property <br />taxes for '.he City's budget is 6.1%. As the City receives about <br />10% of *:ie overall property tax a person pays, a person could <br />calculate their increase caused by this proposed budget by <br />multiplying their 1989 property tax bill (less any special <br />assessments) by 1/10 of 1% (.6%). This represents about a $6 <br />increase for each $1,000 of property tax paid (i.e. a $3,000 tax <br />bill would see an $18/year increase.) Each $10,000 reduction in <br />property tax in the budget would translate to about 72¢/$1000 of <br />taxes paid. Failure to levy the general fund levy limit maximum <br />may preclude the City from levying the unlevyed amount in the <br />futu <br />New additions to the budget this year include: <br />a.) Revenue projections for all funds (pgs IV -VI) <br />b.) Two new divisions in the General Fund - <br />Recycling <br />Reimbursables from development (Private <br />Improvements) <br />RECOMMENDATION - It is recommended the Council accept the <br />information presented. <br />PROPOSED MOTION - Moved by , seconded by _, the Orono Council <br />accepts the information in advance of its meeting at 6 P.M., <br />Wednesday, September 27, 1989. Ayes _, Nays — <br />