HomeMy WebLinkAbout11/15/2011 17 2012 Budget Revenue Options - Set Hearing Date BUSINESS OF THE CITY COUNCIL
• YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. )E 1 -7
For Meeting Of: November 15, 2011
•
ITEM TITLE: Set November 29, 2011 as the date for a public hearing to consider
2012 budget revenue options
SUBMITTED BY: City Manager and the Finance Department
CONTACT PERSON: Cindy Epperson, Deputy Director Accounting and Budget or
Rita DeBord, Director Finance & Technology
(# 509 / 576 -6771)
SUMMARY EXPLANATION:
City Council has reviewed the 2012 preliminary budget and the proposed reductions to
keep the expenditure budget within projected revenues, as described in the "2012
Preliminary Budget Executive Summary" document. At their meeting of November 8,
2011, Council voted to approve both the budgeted reductions, and the supplemental
reductions (because of the probable loss of state - shared revenue in Tight of the State's
® budget crisis). They also requested that the public consider 2 potential tax increases —a
6% increase in the City -owned utility taxes (i.e. Wastewater, Water, and Refuse) for
General Government purposes; and the imposition of an annual $20 car tab license
dedicated to street capital and Tong -term maintenance.
The utility tax proposal is estimated to generate a little more than $2 million, and cost a
"typical household" about $75 annually, or $12.50 every two months. The car tab proposal
is estimated to generate about $1 million, and would cost $20 annually for each vehicle
that is licensed.
Council has chosen Tuesday November 29, 2011 at 7:00 p.m. to have a public hearing on
revenue options to maintain service levels.
Resolution Ordinance Other (Specify): Motion to Set Dates
Contract Mail to (name and address): Phone:
Funding Source
/
APPROVED FOR SUBMITTAL: ,; / /14X
City Manager
STAFF RECOMMENDATION: Set date for public hearing on November 29, 2011
BOARD /COMMISSION RECOMMENDATION:
COUNCIL
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