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) <br /> Ociober2g,1997 <br /> bond upgrade by Slum.12 Poon mar ane City's <br /> utility revenue hood,.mad.itono ofinefour highest amu <br /> utilities inMogime afWashington. <br /> • Ew;law me City's mauve Binds aM H.R.{new <br /> coWish <br /> gumi n 1 . i protecta <br /> economic downturns. <br /> At Om some time,we havema ma ed e sews emphasis on public sahy as <br /> continued to provide a wide leny city swims to m citizens,We also ha. <br /> eontinued 5k improve ow streetsge <br /> Mean.,part and°Mu public <br /> Toga.,we here only.ands, <br /> bodl for today and for con Ciya Mao.dubious <br /> M me We.mmoment m damson <br /> offer.*to make enotheentsponsible decision. <br /> 40BMIWIm.In 1987,Me City Cox...Mx...rgn on Me <br /> City's s business awe..(13.0)....4 gambling Irea me. <br /> m mxlncges xve expnlei to continue mull x000 to finance a 530 mi0imn <br /> mm ICI,I).Taxpayers were informed Matwese Us <br /> �uvhatgm wwla tr mmapwed whin ml&Ienl mndm.emu.owmi m,V ane <br /> bonds.In s,City en Budget Director Bill NehmmutI reviewed <br /> with City Coach we projected renown from You Uses mK the eatmm ding • <br /> debt We epeM m monitor Om m m.ebanfe revenues and dm City Council <br /> • <br /> egwd m repeal Yen ninon as pre.a..l.'Ore0Budget Director W Mxa <br /> ri <br /> me Yon enough money.ill be collected by7 Ye end of December 1997. <br /> Accordingly,1 foment,renmrrcMdke y Council ell Mese Use U <br /> rnNwgm.eRneiw Omarehr31,ls91.� <br /> Them wcbeepe eepel will result in remold Us savings mar our m W*m <br /> end businesses llw=P.of Mese Mme <br /> sunbursts of <br /> w 8120 million <br /> 77.12 by our...eases by I>x n <br /> approximately 02.7 million gambling teen by I I%ar approximately SI10490. <br /> ane utility taloa v..apply electricity.new.gm. elepnaaai0 by <br /> 2.29t or approximately 5.1.3 million. <br /> slx <br />