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LOCAL GOVERNMENT AID (LGA) <br />In 2014, the City began receiving Local Government Aid (LGA), which had not been the case since 2003. New <br />Brighton is programed to receive $582,300 in LGA for 2017. Of this amount, staff recommends using $25,000 <br />for storm water capital replacement projects, $100,000 to help finance future street projects, and the remaining <br />$457,300 to offset the General Fund. <br />FUTURE LGA <br />Council received the Capital Improvement Plan (CIP) at this past year’s team building retreat. Among the <br />financing strategies to pay for the future street construction is the plan to move increasingly larger amounts of <br />LGA out of the General Fund Operating Budget and over to the Stormwater Fund and Closed Bond Fund. This <br />will mean taking LGA out of the General Fund budget with the goal of weening all LGA out of the General <br />Fund budget. In late July 2015, staff presented the current street construction schedule for the next 20 years. <br />Council directed staff to attempt to smooth out the cycle of projects and attempt to minimize impacts to the tax <br />levy. Regardless of the how the ultimate plan looks regarding street reconstruction, it is the City Manager’s <br />recommendation to remove LGA from the General Fund and to place it in increasingly large amounts into <br />Stormwater and Closed Bond Funds. This past year Council agreed with and supported this concept. <br />$775 $768 <br />$799 <br />$826 <br />$728 $735 <br />$680 <br />$691 <br />$727 <br />$812 <br />$650 <br />$670 <br />$690 <br />$710 <br />$730 <br />$750 <br />$770 <br />$790 <br />$810 <br />$830 <br />$850 <br />2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 <br />City Tax <br />6