1979-05-23 Special Meeting - Laserfiche WebLink

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• • Special Meeting 5/23/79 6 Joe Ligi asked if any one revenue was growing faster? The Administrator stated that the sales tax and ad valorem tax because of our growth. The question was asked what the City would have to do to go on surface water. The City will contract with Houston on a take or pay basis. Industry has been told to close their wells and convert to sur .- face water. The question was asked if we anticipate substantial tax increase in the future. The City does not. The Administrator stated that the City had done a complete re-evaluation of all property this past year. A $15,000.00 tax exemption was given to the over-65 or fixed income citizen. The tax rate dropped and the City dropped the sales tax on utility bills. The re-evaluation was to equalize not increase revenue. Sufficient information was given to the public to inform them of this equity and it was well received quite well. • It was determined that the large increase in the budget for the past two years was due to increase in personnel and capital equipment; upgrading of equipment will continue for the next few years. It was determined that due to the officials conservative fiscal responsibility that both the new city hall and police building were paid for out of accumulated surplus and did not use the Revenue Sharing funds for operating. The City does not use grant funds for operational money. We have one police officer and his employment is contingent on grant funds. The question was asked if there was a surplus of funds? The Administrator stated that he felt there was no surplus. At the end of the budget year we had $785,000.00. It costs $350,000 per month to operate. It was determined that the City had 128 full time employees. We have reduced from 179 to 128. The most part of the reduction was when we ended the CETA employment. The City determined that was more of a liability than an asset. The question was asked if on the Chart of Accounts, it included annexing part of industry. Yes, it does, 50$/508. • The City's fiscal year is October 1 through September 30.