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CITY OF ORONO <br /> •k <br /> 1978 Budget Work Session of the Orono Council, 7 : 00 P.M. <br /> � August 30 , 1977 <br /> �I'he Orono Council met on the above date with <br /> � the following members present: Mayor Van Nest, <br /> Councilmembers Butler, Paurus, and Pesek. Absent: <br /> � Councilmember Massengale. Also present: City <br /> Administrator Benson. <br /> � <br /> � Dick Benson, City Administrator, presented to <br /> � the City Council a 1978 proposed Bud�et and <br /> mill rate stating that: <br /> �� The 1978 Proposed Budget for General Fund and Means of Financing <br /> � the 1978 Budget are as follows: <br /> � 1978 Proposed Budget , , $ 1 , 042, 228 <br /> Means of Financing 1978 Budget with <br /> � Reverse Referc-ndtun 1 016 489 <br /> - '- _—-�--- <br /> � (25, 739) <br /> ___ _-- ------- <br /> � 1978 Pi-oposed Budget $ l , 042, 228 <br /> Means of Financing 1978 Budget withoUt <br /> � Reverse Referc_ndliru 961 - 123 <br /> - - - �---- <br /> � - ----(81_, 10 5) <br /> � The above ca] culatzons reflect the a�nount of rr�onies to be cut <br /> from tl-�e budget should R�verse Referend�un be accepted, also, <br /> � the amount of aionies should it not be accepted. <br /> � <br /> • The -calculations-for - the_ 1978 mil�_sate �sing--t�e-old rates <br /> for .:ass�ssed valuation given �s by �Tennepin�oun�y are- as <br /> � follows: <br /> • General�Property -Taxes $ 553,�59 <br /> � L`ur�woody-Sewe�--� -Navarre_ k'a�er- 22, 300 <br /> Feverse �ef�erendum 55,-3�� <br /> � $ 631, 435 <br /> f C:eneral Property Taxes $ 553, 759 <br /> . Dunwoody Sewer & '�avarre j�?a�er ___ 22�300 _ <br /> $ 576, 059 <br /> � The mill rate with the reverse referendum included is 13_ 27, <br /> � without the reverse referendum it would be 1_2. 11. The reverse <br /> � referendum k�ould incr�ase the mill rate by 1 . 16, as cornpared to <br /> mill rate without. <br /> � <br /> � The 1977 mill rate is 12. 48 mills, if we go with the Reverse <br /> �Referen��L�n� the incre�se for 1975 would be . 79 of a mill . '.�it��out <br /> tl-�e Reverse Reierendum, tne mill rate would decrease by . 37 of <br /> � a mill . ' <br /> � <br /> A mill �c-ould generate $47, 577. 85 kith the esti�:ated 3�sessed <br /> � valuation of the County. � <br />