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406 <br /> November 9,1983 <br /> The previous paragraphs highlight some of the major elements of the <br /> 1984 budget which have been at times the subject of debate or which <br /> have caused.concern. Nearly all reflect Shea sort of compromise in <br /> ',Pit final ranking in budget priorities. They have been, if you <br /> j .1 the classic examples of economic choices. Those progrms <br /> %hien are included have survived the closest examination by both <br /> lA this Council and the Administration during reviews over the peat <br /> \\\11( :,1 five months. It is,therefore,with confidence that we present them <br /> 1°1,04 I for your further deliberations. The 1984 budget is cast in a manner <br /> to support Council's continual strides toward making this the finest <br /> f <br /> community in which to live'y reaching o t for sometimes elusive but <br /> ,: always realistic <br /> listic goals and accomplishments. we trust it will serve <br /> you well toward that end. <br /> t Q <br /> Budges balanced <br /> Stephenson then pointed out 1984 budget as ion on a inventory <br /> o however,it was now timefor Council direction on <br /> the inventory tax seeps. <br /> } 11 Bill Cushman,Finance Director,then briefly explained the inventory <br /> ax phase-out issue and <br /> d the impact o the City's revenues. He also <br /> spoken <br /> o the decision facing the Council o a property tax increaseto <br /> recover e <br /> these revenues which will be lost and the State's subsidy or <br /> partial payment to <br /> make up e e of this lose. <br /> 1qi`, Mx.Cushman also spoke on the adjustments made in the budget after Cowell <br /> gave Administration guidelines ad choicest balance the budget,such <br /> ing IAC matching <br /> funds reducing M a O and street improvements, <br /> yl aNavy Coordinator,restoring ALS to original amount,among a few. <br /> ouncilman tepehenson again said he felt the inventory tax problem should bed discussed tonight and a direction given. He suggested hat <br /> the City could decide to pursue setting the maximum local levy r and perhapm adjust other t withinl <br /> Council authority to offset the <br /> t <br /> increased properttaxes. He asked that alist of these taxes and <br /> revenues derived therefrom be made available for review before any <br /> decisions are made. b..Cushman said this information could be <br /> 'Y available in a week. <br /> President Pope said he was odir a begin <br /> c tt=n n o <br /> etvieee <br /> adopt the <br /> levy <br /> rate directed a beuln working o sa plan L <br /> .opt t r aged lair ra dna elm seek out alternatives. <br /> F.,.4I Mr.Cashman told when rias kliieyccdiniance bheeoeon Lhry,lnformatron from <br /> S 4 the Cowry i can prepare as a ve <br /> Councilman Michelson left the meeting at this time. <br /> Moved by President Pope eecosded by Councilman Gipson,that Admvnistratu <br /> be directed to prepare Pope, <br /> present o Councilthey hire reading o <br /> f the <br /> 1184 property x ordinance showing Propertytex even oxo mn <br /> consistent with State law immediately following uthtr eipi <br /> 11 <br /> the unecessary calculations F the Snohomish Cow Assessor. <br /> Poll was 11 with all Councilmen voting yes,excepCouncilmen <br /> Aldcroft,whowas excused,and Councilmen Michelson,whowasfree <br /> voting. Ho Carried <br /> On motion the meeting adjourned at 9:00 p.m. <br /> city <br /> Head and approved as print-•. .�President`iv <br />