Diversify revenue
sources consistent with Town values to reduce pressure on residential property
tax; identify and pursue internal operating efficiencies; and develop a
strategic financial plan for long-term sustainability
- Develop a
Recommended Budget based on a lowered tax rate calculated as revenue neutral,
generating the same property tax revenue as 2008-09 from a higher tax base
- Council adopts
Budget at revenue neutral rate without significant reductions in service
- Enhance the
non-residential tax base following the elements of the Economic Development
Strategy
- Complete Market
Retail Analysis December 2009
- Develop strategies
for sustainability of the Town retiree health-care program including “other
post employment benefits” (OPEB)
- Council approve
health Savings Plan with budget June 2009
- Refresh actuarial
study November, 2009; Additional recommendations to Council January 2010
- Develop and
implement a Debt Management Plan for the future investment in facilities to
manage the Debt Service Fund created in 2008-09
- Continue Plan with
approval of 2009-10 Budget June 2009