Faced with the news that the city budget could be more than $400,000 in the red on the revenue side, the city council spent much of Monday night’s meeting taking a hard look at the proposed budget and searching for ways to generate revenue.
The council is under the gun to finalize the budget for fiscal year 2010-2011 by the September 1 deadline.
City Administrator Brent Lewis made several suggestions of ways for the city to generate more revenue, including raising sewer and water rates, raising electrical rates, and adding franchise fees on water, sewer, solid waste collection, telephone service.
Increasing the property tax levy by one cent was also suggested.
According to Lewis, if the property tax levy was increased each one cent would generate about $13,500 on the current valuation.
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