Laserfiche WebLink
Hugo City Council Meeting Minutes for August 22,2016 <br /> Midyear Budget Review <br /> Page 2 of 2 <br /> eight years;however,when the debt levy drops off in 2020,these funds will be surplus <br /> funds available and could be transferred into the CIP fund. <br /> Ron concluded by saying that the budget as prepared is balanced with no transfers in, and <br /> the proposed tax levy of$5,848,244 keeps the urban tax rate the same. Desired but not <br /> included the budget was an apprentice position for the Public Works Department,two <br /> monument signs,and replacement of the roof on the Fire Hall. Ron stated there is a need <br /> to establish a facility maintenance fund. <br /> There was discussion on the housing market,and how that affects the budget. Ron stated <br /> that the City would not be able to maintain the flat tax rate if there was a large decline in <br /> home values. With a lot of services tied to residential development,the City would <br /> benefit by having more businesses. There was also discussion on increasing the tax rate <br /> to get some of the things done that needed to be done, and Council talked about creating a <br /> building levy and parks levy fund. The Council agreed on the need for an additional <br /> deputy, and there was discussion on hiring one for half the year to allow for funds to be <br /> spent on one of the monument sign. <br /> Conclusion <br /> Council agreed to talk about a CIP for parks and facility maintenance at the next goal <br /> setting workshop in January 2017 and to consider an increase to the 2018 tax rate at that <br /> time. <br /> Staff was directed to prepare a resolution for approval at the September 19,2016 City <br /> Council meeting keeping the tax rate the same. Staff was fixrther directed to investigate <br /> phasing the police position to pay for a monument sign and look for a way to fiord the <br /> apprentice position in the Public Works Department. It was noted that it had been eight <br /> years since a position was added to the Public Works Department. <br /> Adjournment <br /> Weidt made motion,Klein seconded,to adjourn at 9:05 p.m. <br /> All Ayes. Motion carried. <br /> Respectfully Submitted, <br /> *, VI-L-� <br /> Michele Lindau <br /> City Clerk <br />