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<br /> PACKET <br /> PAGE TWO <br />SUBJECT: 2007 BUDGET/GOAL SETTING SESSION <br />ORIGINATING DEPARTMENT: CITY MANAGER'S OFFICE <br />Tasks for 2007 - We'll look at tasks that are ongoing (Hwy 42 Revitalization, economic development activities) <br />and those that will have to take place (comprehensive plan update, golf course management agreement). <br />BalancinQ a 2007 BudQet - The assumption is that expenditures will exceed revenues and those expenditures <br />would not include any new programs but are simply cost increases to continue what we are doing now. So we will <br />have to brainstorm on how to get to a balanced budget. We'll look at such items as to how we stack up with other <br />municipalities on such items as staffing levels per 1,000 population, sales tax per capita, and we will also take a <br />look at recommended street repair/reconstruction intervals. We'll discuss the sales tax allocations between the <br />general fund and the capital projects fund and other ways to close the gap between expenditures and revenues. I'll <br />present tier 1, 2 and 3 items for decreases in expenditures for your consideration. <br />This meeting will set the basis and probably the tone for the 2007 budget. This meeting should embrace the spirit <br />of positive "brainstorming" as we all work together to continue to make Louisville a great place to work and to live. <br />PACKET <br />