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HomeMy WebLinkAbout08-16-10 Personnel & Finance Committee+# ;2011 Budget Hearings PERSONNEL AND FINANCE COMMITTEE AUGUST 16, 2010 The August 16, 2010 Personnel and Finance Committee Meeting was called to order by its Chairperson Tom LaFountain at 4:00 p.m. Committee Member's in Attendance: Tom LaFountain, Karen L. White; David Varner Oliver Davis Other Council Member's: Derek Dieter; Ann Puzzello; Tim Rouse; Henry Davis; Al "Buddy" Kirsits Other's Present: Mayor Luecke, Gregg Zientara, Chuck Leone, Jeff Gibney, Rita Kopala, Carol Davis, Kathleen Cekanski-Farrand, Phil St. Clair, Catherine Toppel, John Murphy, Kurt Brown, Rahman Johnson, Mikki Dobski, Mary Ann Myers AGENDA: MAYOR'S OPENING REMARKS/BUDGET OVERVIEW With a full committee, Chairperson LaFountain, Chair of the Personnel & Finance Committee introduced Mayor Luecke to make introductory remarks. The Mayor said he was ready to proceed noting he was here to listen to Council as well as just present his priorities in the budget. He went on to say there was both good and bad news. Starting with the bad the Mayor said the assessed value of the City was down again. Unemployment was high lowering COIT proceeds and the property tax collection rate was lower than in the past. The good news is that through conservative budgeting the foresight to have reserves and efficiencies, the city was in relatively good shape. However due to property tax caps imposed by the state the city will be operating with significantly fewer dollars in the years ahead. The amount estimated at $23.8 million in 2011, $24.6 million in 2012 and $25 million in 2013. Between 2008 and 2011 the property tax generated will fall from $65.2 million to $50.2 million a 25% cut. On the plus side, Local Option Income Taxes (LOIT) and the (COIT) County Option Income Tax will cover some of the loss. Councilmember Tim Rouse questioned the reliability of the projections for the Auditor. The Mayor responded saying these numbers were figured conservatively. Gregg Zientara, City Controller, proceeded to expand on the Mayor's overview. He distributed the large 3-ring budget binder to Council walking them through the first introductory pages. Chairperson LaFountain asked the Council to review the budget and review the calendar. There being no further business to come before the committee at this time, Chairperson LaFountain adjourned the meeting at 5:15 p.m. tom Lapountam, Lnairperson Personnel and Finance Committee