07-19-1993 WS - Laserfiche WebLink

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STAFF REPORT PAGE FOUR JULY 15, 1993 are consistent with the City's compensation plan; however, I believe that it is in the best interest of the City to waive the Stanton increases for 1994. Don Brager's attached Budget Memo outlines the specifics of the second draft of the 1994 Budget. It assumes a 5% increase in property taxes which would raise $87,719. The disparity between revenues and expenditures in this 2nd Draft is $254,606. If the following cuts were made and the Council agreed to using $150, 000 of the Franchise Fee revenues (in essence "buying down" potential taxes or retaining current programs and services without additional property taxes, the disparity between revenues and expenditures would be decreased by $95, 136: $27, 000 - 1994 Stanton Increases 26, 000 - Capital Expenditures 36, 636 - Housing Inspector 5, 500 - Capital Expenditures Related to Housing Inspector $95, 136 The remaining disparity between revenues and expenditures would be less than $10, 00. If the Economic Development Coordinator position were eliminated, it would be an additional $43 , 000 in salary and $3 , 500 in capital expenditures. SERVICE/PROGRAM LEVELS Another consideration in reducing the budget is reduction and/or elimination of services or programs. Options were explored at the last budget session and may need to be revisited in light of the need for further reductions. Issues which need to be addressed at Monday's meeting are: 1. Housing Inspector position 2 . Economic Development Coordinator position 3 . Reductions in capital expenditures 4 . Reductions in the employee salary program 5. Service/Program reductions or eliminations 6. City Hall expansion - do we "phase" it, eliminate it or build as originally planned.