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I I I Council Meeting Minutes September 14, 1993 Page 14 Council Business, continued Egan presented the proposed 1994 Budget, Maximum Tax Levy and Public Hearing dates. As part of the Truth in Taxation process, the City must adopt a proposed levy and budget. The proposed levy amount is the maximum allowable and will be used in the notices that the County mails to property owners. A public hearing is to be held prior to adoption of the final levy. The public hearing and adoption of the levy are to be held on separate evenings. It is proposed that the hearing be held on December 2 and continued to December 9, if necessary. Adoption of the levy would take place on December 1 3. Egan explained that about two/thirds of the City's costs are included in the operating portion of the budget. There was a surplus from the 1992 budget, and it is anticipated that this amount will be appropriated in five installations of $160,000 each to finance operations in 1994 through 1998. A similar event is expected from the 1993 operations budget and will be used in the years 1995 through 1999. It is proposed that the Central Service contingency which has been budgeted at a $150,000 be eliminated. Anticipated service changes include: housing inspection services added in 1994 will be totally paid by customer charges; the Senior Center is anticipated to open in 1995 and the Family Center in 1994; and the addition of a School liaison Officer in 1994 which may be financed partly from benefitting parties. In addition, the sewer main televising will be increased, and maintenance personnel will be added for the operation of streets and the PGRS. The PGRS maintenance cost is paid from a reimbursement from the Army. The Fire Marshall position has been increased to full-time. Cable programming will be enhanced. New equipment to be purchased include: street patching box, golf utility cart, and self propelled lawnmower. The "Change for the Better" park program will provide about $4,000 annually in private donations. Anticipated personnel changes over 5 years are: full time Fire Marshall, Police liaison Officer, and additional summer maintenance help. The total maximum allowable taxes proposed would be $3,483,000; and about 85% of that amount or $2,900,000 pertains to the General Operations area. The Family Center would include taxable contributions in the amount of $410,000 in 1994. The on-going capital programs include $95,000 in tax revenue. In final, the annual property tax changes for a $75,000, $100,000, and $1 50,000 valued homes would be $10, $1 7, and $ 30 , respectively. Commercial properties annual tax changes for a $100,000, $250,000, and $500,000 valued properties would be $39, $129, and $280. It was noted that commercial properties pay a higher portion of property taxes. Council Business 1994 Tax Levy Report 93-255 Resolution 93-113