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CHAPTER ?: TAXATION AND'FINANCF~S .... <br /> <br />THIS CHAPTER ESTABLISHES THE COUNCIL AS RAVING AUTHORITY OVER THE FINANCIAL <br />AFFAIRS OF THE CITY WITHIN THE LINITATIONS ESTABLISHED BY THE STATE AND THIS <br />CHARTER. <br /> <br />IT PRESCRIBES IN ADDITION TO SHOWING PROPOSED CURRENT OPERATING AND CAPITAL <br />EXPENDITURES, THE ESTABLISHMENT OF A ~-PART,LONG-TEP~ FINANCIAL PLAN. <br /> <br /> 1o PUBLIC SERVICE PROGRAM: A 5-YEAR PLAN ESTI~TING FUTURE NEEDS <br /> FOR THE PUBLIC HEALTH, SAFETY AND WELFARE; AND THEIR IMPACT <br /> ON THE BUDGET. <br /> <br /> 2. CAPITAL IHPROV~I~ENT PLAN: A 5-¥EA~ PLAN CONSISTING OF PROJECTS <br /> AND FACILITIES REQUIRED TO CARRY OUT THE PUBLIC SERVICE PROGRAM. <br /> IT SHALL INCLUDE COST ESTIMATES, P~THODS OF FINANCING AND <br /> RECOMMENDED TIME SCI{EDULES. <br /> <br />LONG-TERM REYENUE PROGRAM: THIS PROGRAM CONSISTS OF A TEI~TATIVE <br />REVENUE POLICY D~CRIB~G LONG-TE~N PLUS FOR FIN~CING P~L~C · <br />SE~VIC~ AND CAPIT~ IMPROV~NTS. <br /> <br />THE ~APIT~ BURET P~AM: TH~ P~M SH~L BE A SU~Y OF THE <br />MONEY REQUIR~TS FOR THE PRECEEDING PRORAte. <br /> <br />FINALLY THIS CHAPTER PRESCRIBES THE BUDGET REVIEW AND ADOPTION PROCEDURES. <br /> <br />IT SHOULD BE NOTED THAT THE CHARTER COMMISSION BAS SPENT SIGNIFICANT TIME <br /> <br />DISCUSSING THIS CHAPTER AND S0~. KEY ALTERNATIVES EXIST. YOUR INPUT TONIGHT <br />WILL BE CRUCIAL IN THE FRAMING OF THIS CHAPTER. THE ALTERNATIVES WILL BE <br />ADDRESSED LATER IN THE HEARING. <br /> <br /> <br />