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impacted - it represents a reduction. Using one time money for debit is a good use for it. This <br />would give us a 7 percent reduction tax rate to 39.071%. This does not get into severe budget <br />cuts but does get into some reorganization of staff. <br />Mayor Ramsey stated so staff is looking to see if we are okay at 39.07.. <br />Mr. Ulrich stated this is a preliminary levy - it can go down but it cannot go up. Late year we <br />were at 39 and it went down to 37. <br />Councilmember Jeffrey stated he is good with 39.998 -that's wonderful but we still have to <br />reduce by 500,000 -that's the high water mark. Let's start there. <br />Councilmember Dehen stated he would agree with starting there. <br />Mayor Ramsey stated we should pay that debt certificate off - it's a good idea to get rid of that. <br />Councilmember Look stated he is okay with 39.998.. <br />Mayor Ramsey stated he is okay with 39:998 <br />Consensus was to go with 39.998. <br />MAYOR, COUNCIL AND STAFF INPUT <br />None <br />ADJOURNMENT <br />Motion by Councilmember McGlone and seconded by Councilmember Wise to adjourn the <br />meeting. <br />Motion carried. <br />The Work Session of the City Council was adjourned at 6:56 p.m. <br />Respectfully submitted, <br />6~ r <br />Kurtis G. Ulrich <br />City Administrator <br />City Council Work Session /August 9, 2010 <br />Page 6 of 7 <br />