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403 <br /> November 0,1992 <br /> 1993 BUDGET MESSAGE <br /> The City of.Everett is c eptly the site of unprecedented <br /> growth and development. As rI look at other clues a and the <br /> nation,and a evenclose asneighbors in the Northwest,it <br /> apparentis that as <br /> are extremely blessed to tie in gond <br /> financial <br /> position. However, there is no doubt that the <br /> and 1990 budget years are going to be very challenging, andnd we <br /> will be taking hard to maintain a stable workforce and oide <br /> citizens with the high level of service they have.enjoyed <br /> our <br /> the past. The 1993 budget, as presented in this document, <br /> extremely bade bones, containing nothing but the tat <br /> essential expenditures. City Staff has collectively <br /> rededicated itself to making the best use of existing resources. <br /> Fortunately, budgets over the past few years have pprovided for <br /> significant capital Improvements, increased City work force and <br /> related costs to keep up with the expansion of the industrial <br /> andso areas. Public safety has been a priority, <br /> accounting for a lT%increase in personnel over three years (09 <br /> positions). The City-work force is well trained,well equipped <br /> and ready to assist the City and its residents in providing for <br /> the impacts of growth from the Boeing expansion and Navy <br /> Homeport. This investment will now begin to pay dividends as O <br /> we prepare for the future. <br /> I must emphasize that Everett's strong financial situation is <br /> no accident. It is the result of careful planning on the part <br /> of o of the most talented financial management teams In the <br /> state. In late 1991, the City's Finance staffa rately <br /> v <br /> recagnired indications that projected r would not reach <br /> previously expected levels. In response to revenues <br /> information,I <br /> took immediate action by imposing a 2% s-the-board <br /> eduction in spending. When it became apparent that the <br /> downward trend would continue into 1992, the same 2% budget <br /> decreases maintained. These preventative resources. <br /> just o ample of careful a of our financial r are <br /> fact, we have been sosuccessful in this area that msthe rCity of <br /> Everett,for the first time a awarded a upgrade by the <br /> national bond.rating.services of Standard antlDors end <br /> especially <br /> Investment Services. This w mall achievement , <br /> esy ta time <br /> man <br /> others <br /> situations.en rating <br /> decreasesduetotheirdecliningfinancial <br /> In addition, I have directed staff to develop an interim <br /> attrition plan to control and actively manage vacancies due to <br /> retirements or voluntary terminations during 1993. Our target <br /> is to achieve a labor castsavings of $1.5 million by <br /> maintaining 30 open positions atall times. uniformed Police <br /> and Fire Department employees are exempt from this plan. <br />