Blue Ribbon Taskforce on Taxes, Fees and Spending

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Blue Ribbon Taskforce on Taxes, Fees and Spending

• Municipal Budgeting 101
• July 11, 2007

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Syllabus

• Definitions
• Process
• Revenues
• Expenditures
• Where do I get information?

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Definitions

• Fiscal Year
• Fund
• Biennial Budget
• Capital Improvement Program

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Resource Process
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Boundaries Laws

• Dillon Rule not necessarily masters of our own
  destiny
• Must Balance
• School Budget who does what
• City/School Revenue Sharing Formula
• Personnel Laws Unions
• Council Policies Dedications
• Advertising

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Regional Real Estate Tax Rates
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Expenditures
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Expenditures
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Comparison of Budget Growth
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Benchmarks
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Discretionary vs Non-Discretionary Costs
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Growth in Services Compared to Population
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Information

• Budget Document
• www.VBgov.com/managementservices
• Just Ask