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12-07-2015 TNT
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12-07-2015 TNT
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Last modified
1/28/2025 4:51:34 PM
Creation date
6/19/2018 5:26:13 PM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
12/7/2015
Supplemental fields
City Council Document Type
City Council Packets
Date
12/7/2015
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Budget Summary <br />2016 General Fund significant budget items <br />•The City proposes a 2.18% increase in General Fund spending which includes increases in operational spending of $62,118 and non-operational spending (debt service, capital outlay, transfers) of $76,966 for an overall increase of $139,084. <br />•Estimated LGA in 2016 is $666,792, the City included 90% of this in the budget as a precaution from future uncertainty at the state level. <br />•Other non-property tax revenues are projected to increase $37,135, this excludes transfers. <br />•Fund Balance will be reduced by $303,307 with $250,000 from Levy Reduction. <br />10
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