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$100,000. In light of the inventory tax going away, Mayor Luecke stated that there will be a <br /> 10% increase in property tax bills as a result. Additionally there are increasing health care costs. <br /> Source of income from other areas appear to be flat. He noted that there are many challenges <br /> ahead. <br /> Council Member Kelly thanked Mayor Luecke for the preliminary information, noting that a <br /> separate committee meeting may be called on this Bill for March 9th. <br /> There being no further business to come before the Personnel and Finance Committee meeting, <br /> Council Member Kelly adjourned the meeting at 4:29 p.m. <br /> Respectfully submitted, <br /> Council Member Roland Kelly,Chairperson <br /> Personnel and Finance Committee <br /> KCF:kmf <br /> Attachment <br /> del2/6—,-1 <br /> February 28,2005 Personnel and Finance Committee Meeing Minutes <br /> -page 2- <br />