2001 BUDGET - Laserfiche WebLink

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Sales Tax: The sales tax revenues have flattened out as a result of retail development in other neighboring municipalities. The total 2001 sales tax budget is $10,120,440. This is a 4.1% increase over the 2000 budget, which includes a 3.1% increase to correspond with the consumer price index and a projected full year of revenue for those businesses that opened in 2000. The 2001 budget amount is 55% above the sales tax budget five years prior. $11,000,000 $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 1997 1998 1999 2000 2001 ■Budget ■Actual Multi -Year Goals/Policies The City of Louisville has many policies in place that help to shape the budget. These include: • 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. A comprehensive list of all Council -approved policies may be found beginning on page 7, Policies. During the 2001 goal setting process, many general policies were defined that will impact our community in 2001 and beyond. Those policies that have a budgetary impact include: • Maintain Louisville as a safe city. • Continue proactive style of law enforcement/crime prevention. • Continue aggressive water rights acquisitions. • Continue with open space acquisitions. ii