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10.02 2018 Preliminary Budget & Tax Rate Review
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10.02 2018 Preliminary Budget & Tax Rate Review
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• Decrease E911 Addressing — Operating Supplies by <br /> $3,640 as new addressing signs relating to road <br /> turnbacks were purchased in 2017 instead of 2018. <br /> • Decrease E911 Addressing — Contract Services by <br /> $3,500 as addressing services relating to road <br /> turnbacks occurred in 2017 instead of 2018. <br /> • Decrease Police budget by $10,000 due to Council <br /> consensus on 10-3-17. <br /> • Decrease Roads & Streets — Capital Outlay by $8,500 <br /> due to the removal of the salt/sand spreader purchase <br /> which occurred in 2017 instead of 2018. <br /> • Increase Sewer — Rent revenue by $3,000 for <br /> equipment rental by other entities serviced by PRASD. <br /> • Increase Sewer — Capital Outlay expenditures by <br /> $60,000 due to the purchase of a jetter. <br /> With the above changes, the City's preliminary general <br /> revenue tax levy will increase to $1,645,370 which equates <br /> to a 4.02% increase. This will increase the City's t� rate <br /> from 56.577% to 58.339% which is a 1.762% increase. <br /> Also, the City's taxable tax capacity increased by $24,685 <br /> for payable 2018. <br /> Council Action Requested: Council motion accepting the <br /> proposed changes to the 2018 Preliminary Budget and <br /> directs Staff to present this updated information at the <br /> December Sth Truth in Taxation Council Meeting. <br />
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