HomeMy WebLinkAbout64-75 RESOLUTIONRESOLUTION NO. 44 -1,5 --
A
O '%S
A RESOLUTION EXPRESSING POSSIBLE ALTERNATIVES IN THE
EVENT REVENUES LOST BY THE LOSS OF THE CITY'S VOLUNTARY TAX
ARE NOT REPLACED.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
OF FAYETTEVILLE, ARKANSAS:
In the event revenues lost by the loss of the City's
5 mill voluntary tax are not replaced:
(1) All general fund and public works fund (street)
expenditures will be reduced if lost revenues are not
replaced. An attempt will be made to maintain essential
services as much as possible, but it is recognized
that all departments will necessarily be affected
by a continuing lack of revenues.
(2) A shortage of approximately $500,000 for the
1976 budget year is anticipated. It is anticipated
that the shortage will be borne by both the general
fund and public works fund. Within the general fund,
the police and fire departments constutute approxi-
mately 56% of the expenditures, and thus, there will
be no way to avoid personnel cuts and a reduction of
services in these public safety departments.
PASSED AND APPROVED THIS MA DAY OF Aril , 1975.
APPROVED: �f
,'r' 7- a - ei;r // . Uan)
MAYOR
ATTEST:Oluggivi Yl
CITY CLERK