1983/11/09 Council Minutes - Laserfiche WebLink

03 November 9.1983 .... 198 GENERAL GOVERMENT REVENUES We project that 198general government operating revenues ill a i only 4%over 1983. Growth of 5%to 6%is projected in most of our major revenue categories; however, p this growth is j; offset by projected decrease of 5-1/2% in les tax revenue o k y because f the exemption of food sales from the a tax. Changes in sales tax i s have a significant effect on total general �, overnment revenue a because se, ales tax is the largest single sourceof general government revenue,making up 25%of the total. 1984 PRfPERTc TAX i, Pursuant to 1974 legislation, the entire assessed valuation il attributable to business inventories will be removed from the assessed valuation toter upon which 1984 property tax will be 'levied. The Impact of this change on the assessed valuation of property within the City of Everett is tremendous. Business inventories makeapproximately $1.2 billion or32% of the $3.8 billion assessed valuation of property in Everett. property The lI reduction In the assessed valuation ill result In the tax levy h .'.'c that had been on business inventories being shifted to real it property owners. The State Legislature cognized that cities such as Everett Sfi a uc { ry would pehelp in ionl dealing with such e large shift' on the tax I burden end legislation on known esthe "en mthen lepra t Property e tax tE shiftf pct of 1t83^waspassed to lessen the impact of the tax Ii. State. This act provides that for a periodof four years the State will assume pityart of the tax burden that would have shifted to thei real property owners. Based onunofficial assessed L 1 valuation 'looms es oe ion from the Cou nty Assessor's stilet, and applying i198the provisions of the era'Pelle w increase that in$1,0 the reel property owners' levy rate will a State R'. Oil per§he City of assessed value over 1983 and that the State alt will pay the City 51.6 million in 1984 for tax relief. Ilr''I' BASK OPERATING EXPENSE 1 � F th nU. time In re ant years, the basic opereting 1 , p oP the various dupe xtmen r M1 b estxictatl of 1984' by allowing no increase at 11, or a9 in the a of the 1984 ,1 budget, by imposing a reduction from therent erthe year. As e 3 result, petating expenses ee have grown 1y.2 9% 0v the four y eYsi1981 through 1986. ,, MVO RATES ff The City owns and operates a fleet of more than 400 motor Vehicles including police cars, fixe vehicles, transit buses and J�i{ numerous naleces of heavy construction equipment. One of our hes been to achieve the most effective .e�{ maiontenance and replacement operating methods. Mid-size automobiles have 1eplec a a nearly all of the full-size cars in h the police fleet; we have tested the use of propane as n alternate fuel, and we have examined restrictions In vehicle As a result, we have reduced the original motor vehicle rates by §100,000. Obviously, no compromise will be nada in maintaining the safety of the vehicles. However, we now developing policies that will place an even greeter burden of �eresponsibility on the departments to insure that equipment is operated with care and good judgement et all times.