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I I I Budget Hearing Minutes December 7, 1995 Page 5 Bud~et Hearhli". continued Dennis Guldan, 563 - 17th Ave. NW, attended the Budget sessions and noted the tremendous work performed by staff and Council. Williams noted that even through taxes have increased over the years, Council and staff have tried to minimize the peaks and valleys by scheduling capital projects like street reconstructions, fleet replacements, and seal coating. Benke noted the initial budget showed a need for an increase of 18 %, but over the months staff and Council were able to reduce that amount to 4 % . Orv Krause, 1252 - 12th Ave. NW, thanked staff and Council and noted the need for residents to speak to their legislators to revamp the valuation process. Benke agrees that there is a fundamental need to restructure the tax system. Williams noted that some states are going with sales tax revenues instead of property taxes. Joe Leon asked if a five-year projection has been created to determine at what point will the FSC be self-supporting. Fulton envisions that information will come out of the service/staffmg study which will review the fee structure and operations. Benke personally would like to see the FSC at 100% self-supporting. He noted that the FSC has become more popular with area businesses and sees many opportunities for additional revenue. Egan noted that the final adoption of the Annual Budget and Certitication of the Tax Levy will occur on December 19 at 7:30 p.m. in the Council Chambers. There were no other comments from the audience. Motion by Gunderman, seconded by Williams, to CLOSE THE PUBLIC HEARING. 5 Ayes - 0 Nayes, Motion Carried. Hearing was closed at 8:56 p.m. Adiournment Motion by Gunderman, seconded by Williams, to ADJOURN THE MEETING. 5 Ayes - 0 Nayes, Motion Carried. Meeting was adjourned at 8:57 p.m. R~~A~- A T'fEST:>-- Public HeariIW Truth in Taxation Report 95-229