2000 BUDGET - Laserfiche WebLink

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Sales Tax: The sales tax revenues have increased as a result of the commercial development. The total 2000 sales tax budget is $9,722,493. This is a 22.3% increase over the 1999 budget, which includes a 2.3% increase to correspond with the consumer price index, a 15.1% increase to align the 2000 budget with actual 1999 growth and a projected full year of revenue for those businesses that opened in 1999. The 2000 budget amount is 114% above the sales tax budget five years prior. $10,000,000 $8,000,000 - $6,000,000 $4,000,000 1996 1997 ®Budget 1998 1999 ®A ctual 2000 Multi -Year Goals/Policies During the 2000 goal setting process, many general policies were defined that will impact our community in 2000 and beyond. These include: • Maintain Louisville as a safe city. • Continue aggressive water rights acquisitions. • Continue with trail connections. • Continue with debt reduction. • Maintain/enhance consumer -friendly environment to citizens. • Continue with open space acquisitions. • Continue to look for ways to reduce residential taxes and fees. • Continue to invest in the City's work force. Other policies that help to shape the budget are: • The City of Louisville will seek to provide only those public services which citizens require or support, and for which they are willing to pay. • The minimum unreserved, undesignated fund balance of the General Fund shall be calculated annually at 15% of the current operating budget. • Growth indices will be established to control and/or limit the growth of government. These indices will be tied to the Denver/Boulder consumer price index and growth ratios relevant to the specific departments. These could include growth in population, new water taps or actual valuations. • Capital projects will be a main focus, with continued investment in infrastructure and improvement of quality of life as primary goals. ii