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MINUTLS <br />CITY COUNCIL <br />S~PTEM~3LR 2, 19)8 <br />Morelan was concerned abouC becon~~ing de~~endant on revenue dollars that <br />the City has no control over. Scalze pointed out th2t every city in the Stafe <br />is subject to the Legislature's actions relative to gas tax do(lars. <br />Fahey stated that he was more comfortable with realiocating resources in <br />1999 Yo buy down the net levy increase to zero than with borrowing from <br />surpluses in the year 2000. <br />Morelan Pelt tl~~t allocatin~ MSA dollars away from the Infrastructure <br />Replacemei~t P~mci was borrowing from the future. He f'elt the debt levy <br />buy-down made inore sense siuee some bonds wouid be paid of'f in 3'1 <br />years rather tl~1n 30, ~s 1n example. <br />Fahey asl<ed if t~here was any other source of dollars into the Infrastructure <br />ReplacemenY Fund. The Administr~tor replied that the major sow'ce <br />currentiy is the Closed 13ond Puntl. <br />Pahey asl<etl how the Council felt about a?% net levy increase for the <br />preliminary bud~et with the ~mdeistan<{ing tl~at efforts would be made to <br />reduce tliis ina'ease fur(her. <br />Morelan poinCed out Ch~t with the ciass rate changes even if the City has a <br />zero percent change in the net levy most homeowners will see an ii~crease <br />in Yheir t~xes. Morelan su~gested sett~in~ the ~ercent change at zero in <br />order not to exacerbate the class rate chan~e. r~hey agreed. <br />The City Administr~ror in<licated a zero percent chan~e was doable with <br />tl~e tlvee options o~itlined in his memo. The Administrator pointed out <br />that the Truth ln TaxaCiou notices would then retlect the zero percent <br />cl~an~e for Little Canada. Any increase that homeowners mig(~t <br />experience wo~ild not be the result of any City action. <br />The Councii a~reed th~it the preliminvy 1999 BudgeC should be certified <br />1t the zero percent chan~e in the net~ levy. <br />Morel~n asl.ed about ina~easing the 97% collection rate. The <br />Adminis,rator point~ed out that the 1997 AudiC reflected the City's <br />col(ecYion rate at ex~ictly 97%. Theref~ore, he ~vouid recommend leaving <br />that~~ercent as proposetl. <br />At this point in the worl<shop the Council began a detaiied review of <br />General Ftintl I:x}~endit~ires. <br />The Council reviewed the Mayor & Council portion oi'the budget noting a <br />2.5% increase was projected Por 1999. A portion of this increase is <br />4 <br />