City Council Agenda and Packet 1976 11 04

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," �•)•' .Y ',i••a, S L a_y;,• '..a�,,'"'�74�r�kk:�•�"i,:fy^%r r . {,'s;�.�:;�.y',.' :•i• ; . r � ',`_ '.. .�. .• �r r, +7' curt'' x• ~?.� -.7. 7*'' r . ` a• .•.j : w] r4• • i • . Cyr::-+ cx ,f r' 1•+•}.� ,•*� + -►_ `r ' • at eperatiag express lh iisfrlst. Rommel ai Siia a# • with t l ategery are 11t ef $ sales tax, Federal Grants, amen i .i , mill ad valorem property tax for the administrative expenses of the District. It is proposed that no portico of the .5 .111 property tax be levied in 11177. • wtan � sloomrent. Transit flanningh and l ministration Catigorr Serer. ZEE Revenues: 1/2 of 21 Sales Tax $ 5,426,417 Adelaistratloa and Planning Tax Federal Property grants 000 • Total Revenues Expenditures: $ 0.631.417 The Transit Operations category provides for expenses associated with operations of the bus system including local and express bus service, circulation services, elderly and handicapped service, charter services, and special sonless. Revenues available for transit operations are transit operating revenues, a 1/2 of 11 sales tax, a 2.0 mill ad valorem property tax for any annual deficit in the operation and maintenance expenses of ter District. Estimated expenditures of 532,666,246 will emceed estimated transit operating and property revenues by 523,361,132. It is proposed that this deficit be provided for by a portico of the 112 of 1% sales tax, and that daring 1977 the District not levy fay • portion of the 2.0 mill property tax which ambling legislation provides • for bus operations deficits. Transit Qperatiojr ateeory Summary Revenues: Transit Operating Revenues $ 9,115,116 Operations and Maintenance Property Tax .0- 1/2 of l% Sales Tax 23 551 132 Total _ Expenditures: $ 32,666,248