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<br /> <br />Council Budget Direction <br /> <br />. 75% of deficit to come from reserves in FY 2005/06 <br /> <br />. Council will provide direction on how to proceed with <br />2006/07 in June 2005 <br /> <br />. Go to Revenue Committee for: <br />- Discussion of increasing business license tax <br />- CORa foundation report on development fees <br /> <br />. Balance expenditures/revenues three years out (i.e. <br />by end of FY 2007/08) <br /> <br />. Do not want across-the-board cuts for all <br />departments <br /> <br />