9. 19-0202
Public Hearing to Consider Adoption of the Fiscal Year 2019-2020 Operating Budget and Gann Appropriation Limit for Fiscal Year 2019-2020 (Finance Director Charelian).
a) CONDUCT PUBLIC HEARING
b) ADOPT RESOLUTION NOS. 19-0049 AND 19-0050
With the Gann limit being a measure of relative tax burden, it is obvious we are well within the limits. Something to think about when we self-evaluate as to our lack of facilities bonding for non-enterprise fund facilities. Better-planned communities coordinate long-term supplemental bond issue financing for longer-term assets, and don't depend on annual general fund revenues or private donations to finance facility construction.
With the Gann limit being a measure of relative tax burden, it is obvious we are well within the limits. Something to think about when we self-evaluate as to our lack of facilities bonding for non-enterprise fund facilities. Better-planned communities coordinate long-term supplemental bond issue financing for longer-term assets, and don't depend on annual general fund revenues or private donations to finance facility construction.