Council,
By my calculations, we can Balance the current <$159,514.85> budget shortfall by making the following changes:
1. Removing and delaying the $70,000.00 of Capital outlays for repair of lift station 2 and 5 manholes.
2. Increase our expected property tax collection rate from 93% to 96%
3. Transfer the remaining defecit of $34,089.20 into line 7991 from the GF Reserve.
This is my recommendation unless someone has a better option, as it will allow us to go forward with the “No New Revenue Tax Rate” and therefore not have a tax increase this year.
