City Council Agenda and Packet 1985 10 15

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• PURL= COQ Mae. PZAMATI A MA 2MIL 41412S0 AMARXMRSS NUR Mayor Meier proclaimed October Sth thru 12th as Mental Moose Awareness Week. U1OWTIOM 121 - ADOPTIGIC WISH MORT : City Administrator, Terry Musdlsr presented far ada lion the 19S1 'budget for the City of i'be 1,414 Budget pt expenditures. of *21,305,041 from the 0118541,95S is projected revenue. The 19S41 Budget also incorporates an increase is the property tax mill levy from the 1984 level of 7.731 mills to the proposed 19SS levy of 9.731 to begin funding city-wide capital isprovesent projects from city-wide sources of revenue (i.e., property taxes; sales taxes) rather than exclusively from growth fees. Juadiey pointed out that om November Sth, 1915, Louisville residents will vote on a ballot initiative which would raise the current 2 coat sales tax to 3 cents if approved. As a 000seguenoe, Council say wish to lower the proposed sill levy of 9.731 mills to S.572 mills (the .ill levy consistent with the State's 7% property tax limitation) if the sales tax initiative passes. Mayor Meier opened the Public searing and Rautenstraus verified certification. Leary asked that the Public Nearing be continued to the 15th of October in order to coincide with the Public Nearing on the proposed property tax increase scheduled for the sane date. There were no public consents in favor of or in opposition to Resolution Mo. 21. Mayor Meier moved that that the Public Bearing for Resolution Mo. 21 be continued to October 1S, 1955. Luce seconded. Unanimous. =SOLUTION #22 - 1959 FUNDS APPROPRIATION ADOPTION OP CAPITAL IMPRON'R1 M PROGRAM[ lu dley suggested to Mayor and Council that Jsolutioo 122 and the adoption of the CIP also be continued to the October 15, 1995, Council Meeting to ooincide with the Public Bearing of Resolution n • Mo. 21 and the Public Rearing om the proposed property tax increase. 3