Laserfiche WebLink
OFFICE MEMORANDUM <br /> <br />TO: <br /> <br />Mr. A. C. Gonzalez, City Manager <br /> <br />FROM: <br /> <br />Earl T. Williams, Director of Finance <br /> <br />18JECT: Tax Rate Increase <br /> <br />DATE: <br /> <br />August 12, 1981 <br /> <br />RE: <br /> <br />Please be advised that to increase the current tax rate by one cent (.01), <br />will increase revenues by $15,000.'00. A tax rate increase of three cents <br />(.03), will generate approximately $45,000.00 additional revenues. <br /> <br />Additional expenditures not reflected in the City Manager's 1981-82 <br />budget are: <br /> <br />Insurance Cost <br />Additional Maintenance Contract Cemetery <br />Safety Program <br />Police Department -- Personnel <br />Contingency <br /> <br />.13,000 <br /> s;ooo <br />71,328 <br />15,000 <br /> <br />Total Additional Expenditures <br /> <br />$109,328 <br /> <br />Fund Balance <br /> <br />$(64,389). <br /> <br />Net Requirement <br /> <br />$ 44,939 <br /> <br /> <br />