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<br />I <br />--- <br /> <br />CITY COUNCIL WORK SESSION <br />Topic Report: 2009 General Fund Budget <br />Amendm'ents due to State Aid Cuts <br />By: Diana Lund, Finance Officer <br /> <br /> <br />Background: <br /> <br />Governor Pawlenty presented his budget proposal on Tuesday, January 27,2009, and as <br />anticipated, the City is proposed to receive a total cut in Market Value Homestead Credit <br />(MVHC) in the amount of $408,300. The City included $400,000 ofMVHC in the2009 <br />General Fund Budget, which was adopted on December 9, 2008, and thus $400,000 in . <br />budget amendments will need to be made to offset the aid cuts. <br /> <br />Staff has been looking at possible budget solutions and will present recommendations at <br />the worksession. <br /> <br />A request has been made regarding the city's timekeeping procedures and this issue will <br />also be addressed in the budget discussion as it relates to the City's biggest budget <br />expenditure: personnel. ' <br /> <br />Action Statement: <br /> <br />Discussion of 2009 budget amendments to offset $400,000 in state aid cuts. <br /> <br />Reviewed By: . ~) <br />/ / " <br />City Administrator: ...~ . <br />Finance Officer ' <br /> <br />CCWS: 2/3/09 <br /> <br />Attachments: <br />, Memo re Governor's Proposal to Cut LGA in Budget <br />Estimated 2009 and 2010 Cuts to LGA and MVHC <br /> <br />-1- <br />