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City of Louisville Administration December 14, 1992 Honorable Mayor Tom Davidson Honorable Mayor Pro Tem Margaret Hombostel Honorable Councilman Larry Hedding Honorable Councilman Kevin Howard Honorable Councilman Rob Lathrop Honorable Councilman Tom Mayer Honorable Councilman Charles Sisk Dear Mayor and Members of City Council: Introduction: The following is the operating budget adopted by you for 1993. It reflects the goals you arrived at through several work sessions wherein you began by establishing a mission statement for the city, namely: deliver cooperatively and corporately the goods and services the citizens of Louisville need but which they can't individually deliver, maintain the character, quality of life, and uniqueness of Louisville; address the needs of all, focus those needs, and achieve balance for the overall population; access those needs in the best manner possible within available resources of time and finances. You discussed your vision and ways to reach that vision through specific goals. The goals were refined and you set priorities for each of them. Goals with priority AAA designation are to receive the highest priority for funding in 1993 . Budget. Goals with AA priority designation are to be part of the 1993 Budget with the realization that it might be necessary to complete these goals in phases. Goals receiving a priority A designation are to continue to receive attention through laying groundwork although funding might have to be postponed until future years. A complete list of your goals for 1993 is attached to this budget message as "Attachment A." IMPLEMENTATION OF AMENDMENT ONE In November 1992, Colorado voters approved an amendment to the State Constitution to provide tax and spending limitations on the State government and local governments. The City of Louisville's 1993 Budget reflects the implementation of the provisions of Amendment One. Specifically, Amendment One requires that all governments obtain voter approval of any tax increase or implementation of a new tax or debt obligation. The amendment also stipulates that total annual expenditures be limited to total spending in the prior fiscal year multiplied by the combination of the local growth rate and the rate of inflation in the Denver/Boulder area. In i 749 Main Street Louisville, Colorado 80027 (303) 666-6565 FAX (303) 673-9043