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Frontage Roads - Highway 12 (North/South) <br />Water Tower - highway 12 <br />City Facilities <br />- Undertaking a facilities improvement and any initial <br />financing of that undertaking. <br />- Continued exploration of user fees. <br />- No new programs requiring additional funding. ---_` <br />- Continued control of legal services expenditures. <br />REVENUES - <br />Property tax revenue limits for 1989 include the 31 '1\ <br />levy limit cap plus 1/2 growth in the households which <br />for Orono will be about a 3.6% increase. The City is <br />expecting no addition in State Aids. This maybe reduced <br />to as little as 31. <br />- Fees and Charges. It IF anticipated that given the <br />inflationary rate that these charges should be increased <br />in the range of 4-5%. <br />INVESTMENTS- <br />- The higher interest rates for City investments, which <br />have been over 91 during 1989, may decrease to 81 during <br />1990 as inflationary pressures lessen. (The City's over <br />all investment returi. in 1988 was 8.41.j <br />- Intergovernmental revenue will stay at approximately <br />the same plateau. <br />UNDESIGNATED FUND BALANCE <br />- For the 1989 budget the City placed $100,000 into <br />undesignated reserve for budget expenditures earmarked <br />for the building fund. This was done in partial <br />expectation of making a "reserve appeal" for 1990. This <br />avenue for increasing the City's levy base was not <br />c,-ntinued for 1990. it is recommended however, that <br />another allocation be made for 1990 in case :he appeal <br />will be available for 1991. <br />EXPENDITURES - It is anticipated that inflation for 1990 will be <br />in the 41 range. Given the levy limit of 3-3.61 and the funds <br />for current personnel, who are not at their position top step, it <br />is anticipated that a 2.5-31 increase in salaries will be all <br />that is financially feasable for 1990. This is in light of <br />increases in oil and other energy related expenditures plus <br />increases in health insurance that are anticipated to markedly <br />exceeded the base inflation rate. <br />3 <br />� ` "j,t•-aa. ,_ . JR!�!:�rt£�'1:7�<.i�rl.� :.: M.'7.�ibW1 Yy� 9���rU_�.-,�•. <br />rinHw�����yy:�i�7N43,�Y,Ly �•.,. J.{:: •4.,! �!+•y+JC�-, M•'r !t. \jV�+M � Ei� � i ' �• fY'� <br />Currently working to schedule meeting to discuss the tour, design <br />quality i-sues, financing and site. <br />No new classes of fees are proposed. <br />No addit.onal programa are proposed. <br />Selected efforts have beer. made regarding the per unit costs <br />together with total costs in non -prosecution areas. More avt ues <br />however, are being explored to understand the overall prosecution <br />cost and its control/verz s jevenues generated. <br />The actual levy limit increase allowed in the General Fund is <br />4.5%. <br />These will be reviewed in October and November. <br />The year to date average interest rate is 8.764. <br />The City's Local Government Aid is up about 1.91. The <br />significant increase in Municipal State Aid maintenance funds <br />over 1989 reflects what the City has been receiving. <br />Because of the transfer of funds to the Building Fund and current <br />direction of tax reform it was decided not to do this at this <br />time. <br />Salary increases are proposed at 31 in the budget at this time. <br />Health Insurance rates are up 12.61. (While the inflation rate <br />the first 6 months of 1989 was at a 4-51 annual rate, the past <br />two months has been at a 1.2% annualized rate.) <br />E <br />