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Community Up City of Louisville Winter 2006 - 2007 City Council SEASONAL GREETINGS FROM THE MAYOR As we enter the last month of the 2006, I wanted to share with you my Mayor Charles L. Sisk perspective of promise and optimism. The City Council has just completed 303.665.6889 our annual budget process for the City of Louisville.We have approved a budget siskc @ci.louisville.co.us wherein the projected revenues exceed our expenses. We have an obligation to our Ward I residents to not only balance the budget, but to take into Dave Clabots consideration the various implications of uncertain revenue 303.673.9116 streams and spend within those means. Unlike the Federal government, we cannot be placed clabotd @ci.louisville.co.us in a position of negative expenditures and adjust to those Bob Muckle variances by borrowing more money. And unlike Boulder 303.981.0697 County which sets its budget by imposing real estate muckler@ci.louisville.co.us property taxes within Tabor limits, the City is reliant on sales tax revenues for most Ward II of its funding. Sales tax revenue is not a predictable tax stream so the City must adjust its budget to meet the level of sales tax revenue, whatever it may be. Sheri Marsella Therefore, I can not stress enough the need for all of our residents to shop at 303.665.3276 home and preserve our tax dollars in the community. In this holiday season, I marsels @ci.louisville.co.us understand that Louisville may not have all of the items you wish to purchase, but I would hope and urge all of you to shop Louisville if at all possible. Frost Yarnell I realize shopping opportunities exist in other communities and new openings 303.229.4215 are in evidence monthly. We are currently working to attract new retail outlets yarnelf @ci.louisville.co.us ourselves and we are laying the groundwork for that as you read this column. Ward III When you read this last statement, you may properly ask"when can we expect new shops?" The answer is dependant on many factors, all of which we are trying to Don Brown address. 303.673.0648 Attracting new retailers takes time, proper location, and a commitment from brownd @ci.louisville.co.us the City to the retailers and vice versa.We have established certain elements Ron Sackett to effectuate that plan, but much more needs to be accomplished.We need to 720.890.8970 cultivate retailers and find those retailers compatible with Louisville. Retailers sacketr @ci.louisville.co.us depend upon traffic and location in part for their clientele.We do currently have some locations available in downtown and along the South Boulder Road corridor. City Manager Bill Simmons Equally important is retaining the retailers that we already have in Louisville. 303.335.4532 Therefore, we have all the more reason to shop locally and to thank our existing simmonw @ci.louisville.co.us retailers by patronizing them. City Council Meetings are How do I characterize the current situation?Actually, I think it to be very held the first and third promising and I would base that upon the fact that we have a very good financial Tuesdays of each month at reserve coupled with sales tax revenues that on a per capita basis exceed many 7:00 PM at City Hall, of our neighbors. This is not the time to despair, but a time to be proactive and 749 Main Street. preserve our position as we make choices. I thank you for your support and commitment to our City. In closing, from my To find out in which family to yours we wish each of you a very happy holiday season. I look forward to Ward you live,please a very successful and prosperous 2007. contact Meredyth Muth at 303.335.4536 City of Louisville - www.ci.louisville.co.us