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Council expressed some concern as to whether we should actually increase property taxes for 1994 since surrounding communities and Anoka County have publicized how they are "holding the line" and not increasing taxes. In response to this concern, we are proposing the following alternatives to the 1994 Proposed General Fund Budget, as it was presented on September 13, 1993, in an attempt to suggest ways to keep the tax increase to a minimum and still meet the needs of the community. Revenues and Other Sources - as Proposed Less: Reduction in proposed property tax levy $2,838,493 26.971~ Revised Revenues and Other Sources $2,811,515 Expenditures and Other Uses Add: Police Officer (start 1/1 rather than 4/t5) Less: Police Holiday Buy Back Elk River - DARE Community Education - Elk River Community Education - Anoka/Henn (summer program maintained) Fire Tanker Lights etc. - 1/2 of requested funding (anticipate 1995 delivery) Transfer to Equipment Revolving- Fire Tanker Lights etc. - 1/2 of i st year depr. New Tanker - 1 st year depreciation $2,838,493 11,039 8,207 500 4,500 10,400 8,010 401 5,999 Revised Expenditures and Other Uses $2,8II,515 The proposed reduction of $26,978 in the tax levy would bring the amount of general property taxes levied to $953,685. This would result in a tax capacity rate for 1994 of approximately 17.2617% compared to the 17.750% which was originally proposed. The effect on a $100,000 homesteaded property would be a decrease of $5.11 from the previously proposed $18.93 While the above information addresses the current needs, it does not address the variables that could have significant impacts on the 1994 and future years budgets. Some of the those variables are addressed in the following: 1995 Issues * Additional officer will be requeste& * Additional public works worker will be requested. * There will be a request to replace two police squads in conjunction with the police vehicle replacement plans. * Final installment for fn'e tanker proposed as a reduction in the 1994 budget noted above. * There will be requests for capital outlay items that were delayed from the 1994 budget. * It wilt be necessary to fund the second half of the Public Works/Police Facilities architectural fees. * What type of tax increase will we be willing to take on in 1995 - will it be similar to the proposed 1994 or will it be necessary to increase it further?