12/05/1991 Council Minutes - Laserfiche WebLink

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20/ 1992 BUDGET PUBLIC HEARING DECEMBER 5, 1991 property specific in 1992 and have more meaning to the landowner. Mr. Schumacher explained several exhibits using the overhead projector. The exhibit showing the proposed property taxes for 1992 for property with market values of $50,000, $75,000, $100,000, $125,000 and $150,000 was discussed. Generally, taxes for 1992 for each of the market values will be slightly reduced. Mr. Schumacher outlined the proposed 1992 General Fund Budget highlighting specific changes in various departments. He also reviewed the preliminary revenue budget explaining that state aid has been cut significantly over the past three (3) years. Mr. Schumacher noted that a balanced budget of $2,541,886.03 is being presented tonight for Council action. Final exhibits outlined how much of each dollar is designated for expenditures in each department and how the City expected to finance the expenditures. Mayor Bisel opened the public hearing at 7:05 P.M. He noted that the Council has agonized over the budget for several months. The process is lengthy and difficult. The Council has discussed areas of the budget that could possibly be reduced and has also looked for additional sources of revenue so that the level of services can be maintained. Mr. Schumacher noted that the current financial climate has made a significant impact of the Five (5) Year Capital Improvement Plan. There have been some cutbacks to keep taxes down and some significant shifting of priorities to keep the Capital Improvement Expenditures at a level amount. Mayor Bisel noted the significant reduction in state aid and the shift in state aid from municipalities to the school districts. He also noted that it appears that not all of the state aid was shifted to school districts and asked where this money went. Mr. Schumacher explained that the municipalities were asked to support a one -half cent raise in the state sales tax. A portion of the increase in sales tax was suppose to be given to the cities to off -set the loss of state aid. Now it appears that the state will be taking some of this money for their own use. This will be a large issue at the upcoming legislative session. Council Member Reinert noted the two large snowfalls this season. He explained that these are expenditures that the city cannot predict but must deal with when it happens. The first snow storm cost the City about $20,000.00. This means that the 1991 Budget has to be revised. Mrs. Alexis Tagg, 7504 Lake Drive asked what would the new Public Works Department employee be doing. Mr. Schumacher explained general maintenance, driving snowplow, maintaining signs, PAGE 2 1 1