HomeMy WebLinkAbout1990/08/20 - ADMIN - Minutes - City Council - Regular MINUTES
City Council Budget Meeting
St. Louis Park, MN
ill August 20, 1990 - 6:30 P.M.
Council Chambers
Attendees:
MEMBERS PRESENT: Lyle Hanks, George Haun, Larry Mitchell
Jane Tschida, Bruce Battaglia,
MEMBERS ABSENT: Keith Meland,. S. Allen Friedman
STAFF PRESENT: Bill Dixon, Harlan Syverson,
Don Rambow
Mr. Dixon opened with comments regarding the budget message.
Mr. Syverson presented three hand outs related to future budget
years through 1995.
The effect on the budget of establishing the
Equipment Replacement Fund was discussed.
The impact of reduced capital outlay expenditures while
increasing service charges due to the inclusion of
depreciation in departmental budgets effective in the
1991 budget was discussed.
The remodeling of City Hall to accommodate Police ,
Fire, and Inspections was highlighted for 1991.
Revenue Projections were noted.
Major funding for tax supported funds was discussed.
It was noted that the only source with flexibility
which could significantly impact the budget was the
property tax levy.
1992 projections were discussed showing a need to
levy $12.9 million and the ability to levy only
$11.3 million due to state levy limitations. _ —
A discussion of Levy Limits and the State's intent
of restraining local government property tax
increases followed.
It was mentioned that the Levy Limitation law is
scheduled to expire for fiscal year 1993, currently,
but that the law could be kept in place by the State
as has happened in prior years.
The proposed tax levy and its impact on property
owners was presented by means of a handout.
A lengthy discussion followed concerning the present 1111
tax levy and future years' expenditures.
The proposed Equipment Replacement Fund proposal and
the reason for it was discussed at length.
A discussion followed concerning double digit
expenditure increases while revenue increases at
single rates.
Possible bonding for the Equipment Replacement Fund
and municipal building improvements rather than
current tax levy was discussed as a way to ease the
possible 1992 revenue shortfall .
A consensus was reached that the City must levy the
maximum for 1991 of $10.8 million.
Future budget session dates will be discussed on
Sept. 4th.
The meeting adjourned at 7:15 P.M.