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Wednesday, August 24th, 2016
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Preston City Council Report: Preliminary levy increase set at 5.32%

Fri, Sep 14th, 2007
Posted in Government

City Administrator Joe Hoffman informed council members at their September 10 meeting that he had successfully trimmed the 2008 preliminary budget. At the last meeting on August 27, he was tasked with finding a way to trim the increase by $23,000 and to reduce the then suggested levy increase of 9.27% to about 5%.

Hoffman found the savings by reducing the tourism budget by $2,000, shifting the burden of about $13,000 from city to utilities, and by recognizing a savings of about $6,000 in the city's bonding.

The council adopted a resolution setting the 2008 preliminary levy at $540,680.00.

Assessment Policy

The Preston City Council adopted a special assessment policy at their July 16 meeting. Joe Hoffman explained that several ordinances within Chapter 33 conflict with portions of the new policy. Large portions of the Street and Utility Assessment Ordinance passed on August 19, 1996, were repealed so that the new assessment policy would work with the remaining portions of the ordinance.

Other Business

Joe Hoffman credited Sheila Marzolf with discovering some extra funds. The 1996 Improvement Bond was paid off with the bonding for the 2007 Improvements. Marzolf found about $53,000 extra which was debt service maintenance funding and interest over ten years. Hoffman didn't think the funds needed to be reserved for street improvements and suggested that the money be put into the general fund. The city tries to maintain $50,000 in the general fund. The council approved the closing of the old debt service account and the transfer of the funds to the general fund. Council member David Harrison suggested that a portion of the money might be made available for playground equipment. Mayor Pro-tem Heath Mensink said that the issue can be addressed in the spring. Mayor Kurt Reicks was absent.

Three meetings will be shifted because of scheduling conflicts for several of the council members. The second meeting in September will be held on Tuesday, Sept. 18. The two October meetings will be held on Tuesdays, Oct. 2 and Oct. 16.

The Truth and Taxation meeting will be on Tuesday, December 4, and if a continuation meeting is necessary, it will be on Monday December 17.

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