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CITY OF FALCON HEIGHTS <br /> 1995 BUDGET WORKSHOP <br /> 3 AUGUST 1994 <br /> FISCAL POLICIES <br /> Each budget cycle the city reviews and adopts fiscal policies that guide the <br /> city's financial decision making. This year there are no recommended changes <br /> to the policies. <br /> Overall the city budgets by conservatively estimating anticipated revenues and <br /> expenditures. <br /> 11. THE GENERAL FUND <br /> A. Description. The general fund governs the city's annual operating <br /> budget. <br /> Proposed increase of 32,484 or 3.1 <br /> (Of note: <br /> This covers a 75,000 or 31 increase in policing costs <br /> from 1994 <br /> B. Revenues. <br /> 1. General property taxes <br /> Overall. Decrease $7,721 or 1.3% <br /> Ad valorem taxes. <br /> Total estimated revenue 432,131 <br /> Proposed increase 10,540 or 2 1/2% <br /> Fiscal disparities. <br /> This is the metro area commercial and industrial ((C /I) tax "pool" <br /> that is designed to balance the tax revenue from areas that have <br /> extensive new C/I development with those that don't. All post <br /> 1971 C/I tax revenues are pooled and redistributed throughout the <br /> metro area. All cities pay in and those cities with <br /> less development like Falcon Heights receive an <br /> annual distribution. <br /> Total 88,736 <br /> Decrease 17,525 16 1/2% <br /> 1 <br />