Agenda Packets - 1993/10/04 - Laserfiche WebLink

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[ 7 For example, a 5% increase in property taxes to the average homeowner (Option No. 4) has the following impacts: To the homeowner: • A property tax bill of $212.26 for C4ty Services. • That tax bill is 5% more($10.11) than the 1993 bill. To the City: • Property taxes to be collected to provide City services would be $37,810 less(2.1696) than those received in 1993. • The 1994 General Fund Budget would have to be $33,457 less(1.12%) than the Adopted 1993 General Fund Budget. • Reductions of $232,102 would have to be made from the Proposed 1994 Budget to have the average taxpayer see a 5% increase in their 1994 tax bill. Should the Council wish to make further adjustments to the 1994 General Fund Budget a starting point could be new or expanded positions for 1994. The following changes in staffing are included in the Sixth Draft of the 1994 General Fund Budget: • The Economic Development Coordinator position is a new full time position for 1994. Salary and benefits for the position are budgeted at $43,902 and $3,500 of equipment for the position has also been budgeted. • An increase in hours(5 hours per week) for the Police Department Clerk-Typist is included in the budget. Cost of the additional ours amoun s o , •'•. • Funding of the Athletic Coordinator position in 1993 was 80% Recreation Activity Fund; 20% General Fund. For 1994 the split is 70% - 30%. The General Fund is paying $4,228 more for this position in 1994 than it did in 1993. • The seasonal Forestry worker that was taken away in the 1993 Budget has been added back for 1994. The cost of the position is $3,495.