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PRIMARY GOALS 1989 BUDGET <br />The following represent the preliminary guidelines for budgeting <br />1989: <br />- Retention of existing service levels <br />- Undertaking the redevelopment in Navarre <br />- Adoption of the initial capital budget to serve as <br />a framework for budget decisions <br />- Implementation of the financial strategy guidelines <br />to assist in policy decisions <br />- No additional programs <br />- Strengthening of the City's Clerical/Administrative <br />area <br />- Determination of facilities direction <br />- Development of a levy limit "cushion" <br />- Levy for 1989 various County Road 15 development and <br />related costs <br />- Performance incentive system <br />- Necessary capital expenditures related to Highway 12 <br />development <br />- Control of legal costs <br />REVENUES - The following are the specific objectives within the <br />revenue area: <br />PROPERTY TAX REVENUES - Levy the maximum 4% p ius growth <br />(1.5% estimate) allowed under the levy limit (which <br />translates to less than 1/28 increase in total property tax <br />for the residents) as a means to retain a cushion for future <br />years even if the entire 5.5% is not needed. This limit <br />i:i%:'Audes the 2% increase in local government aids. <br />- FEES AND CHARGES - It is recommended that these generally <br />be increased in the range of 4 to 5% subject to a selected <br />review by department heads. It is anticipated that for 1988 <br />there will be a slight downturn in revenues and a <br />substantial downturn in selected particularly in the <br />building area in 1989 absent substantial development on the <br />Highway 12 or Cou:.ty Road 15 areas. <br />INVESTMENTS - It is anticipated that the City will <br />again average about 7• both for short term and long <br />term notes. <br />4 <br />