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LOUISVILLE BUDGET 101 If you have an opinion either for or against the possible use tax, if you have questions, or if you have suggestions for additional budget and service cuts, we want to hear from you! Please email your comments to CityCouncil @LouisvilleCO.gov. WHERE DOES THE MONEY COME FROM AND WHERE DOES IT Go? The 2010 City budget is approximately $35 million with funding from the following sources: Charges for Services 35% Sales Tax 30% Property Tax 10% Intergovernmental Revenue 9% Other Taxes 9% Other 5% Licenses & Permits 2% 2010 expenditures by program: Public Works & Utilities 46% Recreation, Library, Cultural Services 14% Police Department & Municipal Court 12% Debt Service (library, golf course, water) 11% Administration 6% Parks & Open Space 5% Community Development 4% Governance & Civic Involvement >1% The 2010 budget as a whole is divided as follows: Operations 61% Capital Outlay 8% Debt Service (library, golf course, water)..10% Other Financing Issues 1% WHAT BUDGET & SERVICE CUTS HAVE ALREADY BEEN MADE? Cuts totalling over $500,000 were made in 2009 and 2010, including: • Deferred maintenance on city streets; • Eliminated 4th of July festivities; • Reduced funding for Special Transit services; • Eliminated fall leaf pick -up program; • Discontinued the recycle drop -off station; • Reduced funding for senior meals; • Cut City staff, reduced hours and benefits; • Reduced landscape maintenance and native mowing operations; • Reduced contracted tree pruning; • Reduced contracted weed control; • Eliminated City contributions to the Street Faire and Parade of Lights and reduced funding for the Fall Festival; • Reduced flower planting in parks, entry beds, and at facilities; • Closed the tree branch drop -off site; • Left two police officer positions vacant; • Left one recreation supervisor position vacant; • Reduced janitorial services; • Eliminated Shop Louisville program; • Reduced library book budgets; • Eliminated funding for local non - profit organiza- tions that service the community; • Visit www.LouisvilleCo.gov for a complete list. WHAT IS THE CITY DOING TO ATTRACT NEW BUSINESSES TO TOWN? The City's Economic Development Department works to both attract new businesses to town as well as retain those already here. This includes: • Having regular communications with Wal -Mart and Safeway to find buyers for their vacant properties; • Working with potential purchasers and tenants for vacant commercial and retail properties in Louisville; • Partnering with the Metro Denver Economic Development Corporation to show Louisville properties to potential new businesses; • Meeting with existing businesses to discuss the local business climate; • Incentivising both existing businesses that are expanding and new businesses that move to Louisville. Summer 2010 2