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decisions the City Council made in an effort to off-set additional LGA and MVHC cuts <br />and unanticipated fee income from the sale of conduit debt. The City’s budget has been <br />under pressure for several years due to LGA and MVHC cuts at the state level, with <br />very little left in discretionary budget items. The Council will need to give direction on <br />how they would like to resolve the coming General Fund deficit. One of the City’s goals <br />is to develop a sustainable budget. The deficit will be in the $150,000 to $250,000 <br />range. Some items the Council can consider are: <br /> <br />Reduce services/personnel <br />Increase transfers <br />Increase the property tax levy <br />Use fund balance <br /> <br />Conclusion <br />Staff is looking for direction from the Council on priorities for the budget and property tax <br />levy. The above items are some of the issues that will drive the 2012 budget and are <br />presented for your consideration. <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br /> <br />Mark Beer