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FW: I can't make it to the Charter meeting tonight-I'm sorry! mailbox:///F1/Email/Jthomas/JThomasUS/Inbox?number=8511179... <br /> Subject: FW: I can't make it to the Charter meeting tonight - I'm sorry! <br /> From: "Cami.Mueller" <Cami.Mueller@target.com> <br /> Date: Tue, 7 Feb 2006 15:17:50 -0600 <br />( To: "Jonathan J Thomas" <jthomas@usinternet.com> <br /> CC: <bvamundsen@comcast.net>, "Cami.Mueller" <Cami.Mueller@target.com> <br /> sorry, I forgot the attachment! <br /> From: Cami.Mueller <br /> Sent: Tuesday, February 07, 2006 3:15 PM <br /> To: 'Jonathan J Thomas' <br /> Cc: Cami.Mueller; bvamundsen@comcast.net <br /> Subject: I can't make it to the Charter meeting tonight - I'm sorry! <br /> Hi Jonathan, <br /> I'm sorry - I can't make it to the Charter meeting tonight, a family commitment has come up. <br /> I have attached an Analysis of MV city budget 1996 -2005. <br /> It's one page if you landscape it, should you wish to print it. <br /> Based on statistics provided in December, our City revenues increased from $3,714,860.00 in 1996 to <br /> $5,117,942.00 on 2005. This represents a 72.5% increase over the 10 years. <br /> Our City expenditures increased 65% over the same period, from $ 3,342,124.00 in 1996 to $5,615,237.00 in <br /> 2005. <br /> Even if the budget approved for 2006 was based on 2005 spending figures, we will have more revenues, <br /> because the property values were raised by the County. <br /> Maybe we should consider a recommendation that has two parts: <br /> one: limit spending to a certain (90%) percentage of revenue, based on previous year. <br /> two: limit tax increase to maximum of(9%) from previous year. <br /> The numbers in parenthesis are my recommendation as a place to start discussion. <br /> If we recommend a 10% reserve of the revenue, we shouldn't have to exceed single digit tax increases. <br /> In 96 & 97, we spent 92% of our revenue, which helped us through 1998, 1999, 2001, and 2003, when <br /> expenditures were more than revenue. In fact, 2003 exceeded revenue by $1,384,992. And we had double digit <br /> tax increases in 2003, 2004, and 2005. Without the reserve from previous conservative years, we could have <br /> been in serious trouble. In 2005, expenditures and revenue were almost even, in spite of huge tax increases. <br /> That's my report for tonight : ) Carol <br /> No virus found in this incoming message. <br /> Checked by AVG Free Edition. <br /> tVersion: 7.1.375 /Virus Database: 267.15.2/252 - Release Date: 2/6/2006 <br /> MV 10 yr budget summary 2005.xls Content-Description: MV 10 yr budget summary 2005.xls <br /> 1 of 2 2/7/2006 5:13 PM <br />