09/12/2005 Council Packet - Laserfiche WebLink

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AGENDA ITEM 2A STAFF ORIGINATOR Al Rolek MEETING DATE September 13, 2005 TOPIC Consideration Resolution 05 -130 adopting the proposed 2006 Operating Budget for the City of Lino Lakes Simple Majority VOTE REQUIRED BACKGROUND Minnesota State Statutes require the City of Lino Lakes to adopt and certify a proposed 2006 operating budget on or before September 15th of each year. The main goals in preparing the budget were to maintain current service levels to our citizens, ensure each department has adequate resources to perform their functions, provide for the replacement of worn equipment and maintain or lower the city's tax rate. The proposed budget addresses these goals by providing resources to implement Council goals representing the greatest needs of the community, adding a new police sergeant and a general street/park maintenance worker, and continuing the process of phasing in funding for the capital equipment replacement program and street maintenance. The budget proposed for 2006 is $8,607,226, a 5.67% increase from the budget adopted for 2005. The suspension of the market value homestead credit aid for 2006 by the state legislature created a substantial challenge for the 2006 budget year. After long discussions and deliberations, the City Council has crafted a budget that meets this challenge through a number of compromises, while fulfilling most needs of the community and lowering the city's tax rate to our taxpayers. The departmental budgets within the proposed budget will be further reviewed by the City Council and staff between September 13th and December 12th, for changes, if needed. OPTIONS 1. Adopt Resolution 05 -130 adopting the proposed 2006 Operating Budget. 2. Refer back to staff for further review. RECOMMENDATION Option 1 -28A-