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<br /> City Council <br /> Special Meeting Minutes <br /> June 27,2006 <br /> Page 6 of 8 <br /> THE 2007 BUDGET <br /> 2007 REVENUE AND EXPENDITURE ASSUMPTIONS <br />. Sales tax collections will continue to decline and are estimated to be at <br /> $9.10 million. <br />. In the General Fund, total revenues are estimated at $12,615,000 in 2007. <br /> 2006 expenditures are estimated at $13,082,000, leaving a gap of <br /> $467,000 to start 2007. <br />Council evaluated the core services the City provides, and discussed possible <br />new revenues. <br />. Use Tax Ballot Question/Conduct Survey <br />. Sales Tax Reallocation <br />. Storm Water Utility Assessment Fee <br />. Office rental fee savings when City Hall remodel is complete <br />. Sales Tax Increase <br />. Property Tax Increase <br />. Library services IGA for nonresident users <br />. City encourage contractors to shop in Louisville <br />. Better signage at City Gateways for local businesses <br />. Impact Fees <br /> INCREASED EXPENDITURES <br />. Boulder County Regional Communication Tax increase <br />. Maintenance of New Library and Parking Garage <br />. Highway 42 Revitalization Plan <br />. Comp Plan Update <br />. Urban Renewal Plan <br />. Boulder County Senior Services Increase <br />. Support Costs for Financial Software <br />. Increase in Cost of Gas & Electric Utilities for all City Facilities <br />. Cemetery Expansion Project <br />. Water Plant Revisions <br />. Health Care Cost Increases <br />Human Resources Manager Kathleen Hix reviewed employee turnover statistics <br />over the past six years. She also reviewed the City's current employee health <br />benefits and compared other municipalities' share of employee benefits. There <br />was discussion relative to employee benefit programs. <br />Mayor Sisk suggested a review of all City facilities management. He felt it might <br />be necessary to hire a Facility Manager who has knowledge of sophisticated <br />