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A one-eighth-cent parks sales tax that would annually produce $7 million for park
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<br />improvements and $7 million for park operations. If enacted, the county would no
<br />longer use its one-cent local sales tax to support parks, freeing $6 million for the
<br />general operation of the county.
<br /> A 1.85-cent countywide use tax. Half the money would go to public safety, park
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<br />improvements and economic development. The other half would finance local
<br />government services, with municipalities receiving two thirds of that half and the
<br />county one third. The tax, which is a sales tax on out-of-state purchases, would
<br />raise $30 million a year.
<br />The Blue Ribbon Commission is holding a public hearing to discuss these proposals on
<br />Thursday, June 12, 7:00 pm in the County Council chambers. Another opportunity for
<br />public comment will be on Tuesday, June 17, 8:30 am at a location to be determined.
<br />Preliminary FY 09 Budget
<br />The University City School District introduced its at the
<br />School Board Meeting last night. It expects an operating deficit of $1.53 million. It
<br />$40,657,815
<br />expects to spend from its General and Special Revenue Funds on
<br />operations, but only expects to receive $39.1 million from all sources for those funds.
<br />The projected revenue from all funds (including capital) are:
<br />
<br /> Local Taxes $30,342,875 68%
<br /> Other Local Revenue 1,363,400 3%
<br /> County 513,703 1%
<br /> State Aid 8,313,583 19%
<br /> Federal & State Funded 3,296,136 7%
<br /> Food Service 1,085,000 2%
<br />
<br /> Total Projected Revenue $44,914,697
<br />
<br />Operating expenditures for FY 09 are projected to increase by approximately $930,000
<br />as compared to FY08. This projection is based on increases to instructional salaries
<br />(4.5%), fringe benefits and the purchase of new textbooks. The general categories of
<br />projected expenditures for the operating budget are:
<br />
<br /> Instructional Salaries (Special Rev Fund) $14,954,584
<br /> Support Services (Special Rev Fund) 4,239,005
<br /> Employee Benefits (Special Rev Fund) 5,122,525
<br /> Instructional Salaries (General Rev Fund) $1,344,003
<br /> Support Salaries (General Rev Fund) 4,811,294
<br /> Employee Benefits (General Rev Fund) 2,204,550
<br /> Purchased Services 3,668,127
<br /> Supplies and Materials 1,823,660
<br /> Maintenance & Custodial 2,490,067
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<br /> Total $40,657,725
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<br />Because the District will be operating at a budget deficit, its net operating fund balance
<br />is expected to shrink from $9.17 million or 23.09% of operating expenditures to $7.640
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