HomeMy WebLinkAbout19970707_specialMINUTES
OF THE SPECIAL MEETING OF THE
EDINA CITY COUNCIL
HELD AT CITY HALL
JULY 7,1997 -- 500 P.M.
ROLLCALL Answering rollcall were Members Faust, Hovland, Kelly, Maetzold and Mayor Smith.
1998 PROPOSED BUDGET ASSUMPTIONS AND ADJUSTMENTS PRESENTED Manager
Rosland presented additional information on proposed budget assumptions and adjustments for
1998.
Manager Rosland, using an overhead projector and computer, explained and described the budget
scenarios based upon the assumptions and adjustments recommended by staff. He noted that
Scenarios I included all new programs and expenditures recommended by department heads,
while Scenarios 2 and 3 are variations of the first scenario. Manager Rosland pointed out the
percentage increases in property tax revenue, expenditures, and impact on the total property tax
bill for each of the three scenarios as follows:
Scenario I Scenario 2 Scenario 3
% Increase Tax $ Revenues 8.53% 4.56% 7.48%
% Increase in Expenditures 6.90% 4.43% 5.40%
Impact on Total Tax Bill 1.11% 0.59% 0.97%
Manager Rosland noted his recommendation is to adopt Scenario 2 and move to Scenario 3 only if
the City has an outstanding year.
COUNCIL DISCUSSION.
There being no further business, the meeting adjourned at 6:50 p.m. with no formal action taken.
Y 0 City Clerk