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* Revenues <br />• Continue to use conservative estimates to project increases in sales tax revenues and <br />property tax values. <br />Sales Tax Proiections <br />2005 -2006 <br />2006 -2007 <br />2006 -2007 <br />2007 -2008 <br />(Actual) <br />(Budgeted <br />(Anticipated After <br />(Proposed After <br />After Rebate) <br />Rebate) <br />Rebate) <br />$16,232,402 <br />$14,350,541 <br />$ 15,972,298 <br />$ 15,600,000 <br />CAPITAL IMPROVEMENTS PROGRAM <br />* CIP/ New Debt <br />■ Continue with the 10 -year CIP projects that have been identified. <br />• Fund $1,052,000 in debt as well as fund $5 million for Fire Station. <br />• Market and sell property City swapped with McCoy's and use money to fund park <br />improvements projects for river bank stabilization. <br />f A <br />* Operating Expenses <br />■ Limit department increases for operating expense line items to 3 %. <br />* Employee Benefits/ Raises <br />• Allocate $ 500,000 and create a merit based system to reward top - performing <br />employees and fund the civil service pay plan. <br />* New Personnel <br />• Consider new personnel as recommended by the City Manager, including four (4) new <br />police officers, one (1) fire department position, and four (4) General Fund positions. <br />* Capital Outlay <br />■ Appropriate $ 900,000 for needed Capital Outlay. <br />Budget Policy Workshop Page 2 April 26, 2007 <br />