HomeMy WebLinkAbout11/02/92CITY COUNCIL WORK SESSION
November 2, 1992
5:45 p.m.
Large Conference Room
Roll call: Mayor Manning, Angel, Dell, Fox, Budak, Wright, Lemke.
Absent: Buck.
Mayor Manning called the meeting to order.
A video entitled "Nightmare on Main Street" was shown. This video
was produced by the Iowa League of Municipalities and typifies the
budget process in many Iowa cities.
After the video, Bruce Meisinger, Budget Analyst, presented the
F.Y. 1994 budget preparation manual identifying key dates during
the budget process. Certification must occur prior to March 15,
1993, if the city wishes to increase its tax askings beyond current
year levels.
The affects of the state imposed budget freeze were detailed. The
legislation allows an increase in tax askings in one of two ways.
The city may levy taxes on the additional value gained through new
construction which totals approximately $17 million. This will
generate an additional $145,000 in the general fund. Also, the
city may increase its tax askings in a percent equal to the
increase in the governmental price index (GPI). We anticipate that
the GPI will allow for an approximate growth of two percent
although the exact amount will not be known until January, 1993.
Mr. Meisinger reported that the Mayor has instructed all
departments to prepare the F.Y. 94 budget on a zero growth basis
due to the constraints placed on city government by this tax
freeze.
The Mayor's Reorganization Committee will serve as the Budget
Review Committee. They are currently preparing a two year, four
year, and a year 2000 plan for the council's consideration. The
committee is currently deliberating and will provide the council
with their recommendations very soon. The committee will then turn
its focus on the F.Y. 94 budget and will provide input at that
time. Councilmembers stressed the importance of having timely
review from this committee since the March 15th deadline is very
crucial.
Councilpersons Dell and Angel stated that they would support a tax
levy of less than the current $18.63 per $1000 of valuation in the
general fund.
No official action was taken at said work session.
With no further business, the meeting was adjourned at 6:50 p.m.
Larry P. Burger
City Clerk/Auditor