MO 1997-016 to 1997-020 - Laserfiche WebLink

Home

CITY OF SAN LEANDRO City Council Finance Committee Meeting City Manager's Large Conference Room February 4, 1997 (3:30 p.m.) MEETING SUMMARY L 1997-98 Budget Strategies (Grycz/Jermanis) John Jermanis described the budget process for the new City Council Finance Committee members and indicated that some of the budget issues that the City will face in the 1997- 98 fiscal year are known and others will surface later in the budget process. The budget issues discussed by the City Council Finance Committee will help shape the budget theme for the up coming budget. One of the themes currently being considered is the "emphasis on the basics." The emphasis on the basics is important because Proposition 218 will jeopardize the City's revenue sources for essential general fund programs. It was suggested that City staff review a program implemented in the City of San Mateo which distributed "City Benefit Statements." The statements identify the owner's property, how much property tax is paid in total and how much of it comes to the City. The City Council Finance Committee agreed that this approach could help educate residents. John Jermanis stated that is does not appear that the City will have to raise taxes in the 1997-98 fiscal year. Instead, the City's goal should be to expand the general base of the taxes that we currently receive. The City Council Finance Committee requested a copy of a report that discussed the privatization of the Water Treatment Plant. There is a big move to privatize such treatment plants because it is a profit generator for private business. John Jermanis reviewed the State of the City Mid -Year Budget Report. The following conclusions were drawn: - The TOT (Transient Occupancy Tax) is dropping because the City Council decided to shift Marina Inn revenue from the General Fund to the Marina Fund in order to help it become more self-sustaining. - The City needs to recognize the impact of large business closures on the Utility Users Tax. - The General Fund in 1997-98 will be balanced. - The biggest question mark is Prop. 218.