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• is 5 Ayes, 0 Nays —Motion Carried December 8, 2009 Page 6 of 8 Council Business 1. Consideration of Resolution Adopting the Final 2010 Tax Levy. Report No. 09-308. Finance Director Dan Maiers reported the proposed 2010 levy would be $7,395,708, exactly the same as in 2009. Motion by Councilmember Phillips, seconded by Councilmember Doffing to approve the final 2010 property tax levy at the amount of $7,395,708 the same as in 2009. 5 Ayes, 0 Nays — Motion Carried 2. Consideration of Resolution Adopting the Final 2010 Budgets. Report No. 09-309. Finance Director Dan Maiers reported the City's General Operating Fund Budget for 2010 is $12,815,700, a decrease of 0.81% from the amended 2009 budget and a decrease of 2.96%, or $390,600 from the originally adopted 2009 budget. The current state of the economy has had a significant impact on the City's operations and future budgets. Revenues from building permits and investment earnings anticipated in the 2010 Budgets are $252,500 less than those originally anticipated for 2009. The State of Minnesota has reduced our Local Government Aid revenues from 2009 by $152,300. Residential property owners receive a Market Value Homestead Credit (MVHC) from the State on their property taxes. The State then reimburses the City for that credit. The Governor has unallotted those reimbursements to the City of New Brighton, another loss of $291,600 of revenues in 2010. In 2009, the City's staff was proactive in seeking solutions and alternative approaches to meet these challenges. Staff training, the tuition reimbursement program and capital replacement budgets were curtailed or even eliminated for some departments. Seasonal wages were frozen at 2008 levels. The 2009 operating budget was amended by reducing expenditures by $314,800, including $260,900 in the personnel category. Three full-time positions were eliminated. Three employees opted to take an early retirement. The re -hiring for those three positions has been delayed until April I" of next year. No cost of living increases will be given in 2010. Programmed step increases will also not be implemented in 2010. The 2010 General Operating Budget was balanced by using $331,700 of reserves. Motion by Councihnember Bauman, seconded by Counrilmember Phillips to waive the reading and adopt the resolution approving the final 2010 budgets. Duane Carlson inquired if the City has looked into LED lighting as a cost saving option. Mr. Lotter responded the City is aware of that technology, and the City has not yet implemented that type of technology. Grant Wyffels commented that 90% of the City's street lights are managed by Excel Energy. Council Business 1. Consideration of RmAd ion Ad(Vdng the Final 2010 Tac Levy. Rcpt No. 09-308. 2. Caisidc ation of Resolution Adopting thi Final 2010 Budgets, Report No. 09-309.