Minutes 1946 - Laserfiche WebLink

Browse Search

�� c� � G invento ry on hand this year. It was the reoommendation.of.the City..Manager � tnat the �2000 be added to thia account. The additional appropriatione made to tlse.departments:are in:general rather emall, Tao major appropriatione� � '� consist of $2161.50 to the municipal building account to take care of repaire. � � and alteratione to the City Ha11 which are needed this and $3000 to the � Yire department to oover the ealary of the.Yire_inepector,_a position which was added to the Yire department subsequent to the_preparation of the tenta- '� tive budget. ,The foregoing appropriations plus emall adjustments in other departmenta.,amounte to �10,431.50. Deducting that amount from �18,101.60, leavee a balanoe of �7,670.10 to allocate to the unbudgeted reserve which will increase that account to $13,307.48, These are the only ohanges made in the ' budget se eubmitted in tentative Porm. The total expenditures proposed amount to $491,568,37, ,City Manager Blom went on to say that he would like to point out to the Coun- cil and ieiterate the etatement made when submitting the tentative budget that the current revenue for tne ooming year amounts to only $424,560.36. • The difference oetween tne estimated expenditures and revenue of appro'ximately �67,OOU, Rhich ie in the nature of a deYicit between the current expenditures and ourrent revenue is obtained through two iteme - one, caeh balance oY approximately �55,000 and a loan oY $12,000 4rom the poet war fund for the purpose of Yinancing a revaluation of property. He stated the city was fortu- nate to hane tne cash reserne to draw upon this year but tnat between now and the preparation of the budget Yor 1947-48, there must be Yound a souroe of ' revenue suffioient to bring the current renenue to or above the current expenditurea. Mr. Blom advieed tnat he had attended a meeting of the Senate Committee on ' Looal Taxa.tion earlier in the day and that Redwood City�s problem is no�dif- ferent than that of moet of the other citiee in the vicinity. At the meet- � ing, the possibility of increaeing the state ealee tax with perhape 1/2¢ being allocated to cities to aseiet in tneir financing problem was disouseed, There is also the possibility that the etate might give eome aeeietance in • the revaluation of property: City Manager Btom stated that Councilman Arnistrong had also attended thie nearing and that they had urged that con- eideration be given to increasing tne allocation oP gae tax to the citiee and also to reimbursing the cities Yor their loas in valua,tion due to veterans� exemptions, a grant that is made by the etate and paid for by the citiea and 1 counties. It was the opinion of Mr. Blom tnat some relief might be in eight from the above men�ioned sources but he did not believe that the Council ehould await the acLion oY ttie Legislature on these mattere but should begin making plana iromediatelq to take care of Lhe problem ao that there will be ' some method of ineeting the situa.tion when the next budget is prepared in the event the etate fails to provide any additional local revenue, In regard to the reeult of the budget on the tax rate, Mr. Blom advised that tne maximum levy of $1.00 permiseible under the Charter for general purposee ie used again this year. Tt�e levy for library purposes is ,1734; war memorial .0750; Yor redemptlon of bonde and payment of interest, .2476. The total tax • > J