POTENTIAL ADDITIONS, REDUCTIONS, AND CHANGES TO RECOMMENDED BUDGET FOR 2001-2002

 

 

                                                                                                  Tax Rate    Tax Rate   

Item                                                                            Amount            Equivalent     

                       

Estimated increase in Sales Tax revenue due 

               to population change from 2000 census    

               (from $6,467,500 to $6,647,500)                             180,000               .45             

     

Estimated increase in Powell Bill revenue due

    to population change from 2000 census    

                (from $1,497,00 to $1,602,000)                             105,000               .27             

 

Reduction in vehicle replacement costs                  90,000    .23                                     

Additional net revenue from commercial

     garbage collection fees                                       293,000               .74             

 

Estimated increase in revenue from Cable

                Franchise fees based on most recent data                   35,000                    .09                         

 

Fund Public Works lube pit and vehicle

                washing facility from 1996 bond funds                   85,000                 .22             

 

Lease-purchase Town Hall generator                       100,000                               .25 

 

Fund Library Capital Maintenance 

                 Project from Gift Fund Capital

                 Contribution                                                     58,000                 .15             

 

Reductions in Carpet and/or Space Needs                

                 Study or other CIP items                                             85,000                 .20                         

           

Increased costs for Grants to others as

                approved by the Council                                           72,000                 .20

 

            Increase funding for sidewalks in the

                Capital Improvements Fund                                   50,000                  .13