HomeMy WebLinkAbout403 - Budget Financing Goals CITY OF REDDING, CALIFORNIA
COUNCIL POLICY
SUBJECT RESOLUTION POLICY EFFECTIVE PAGE
NUMBER NUMBER DATE
BUDGET FINANCING GOALS 90-160 403 04/03/90 1
BACKGROUND
To develop an Annual Budget, several specific assumptions need to
be stated to facilitate the financing of the Annual Budget.
PURPOSE
To establish the financing assumptions for the development of the
annual Budget.
POLICY
It is the policy of the City Council of the City of Redding:
1. To finance essential City services which have a city-wide
benefit in the budget with revenue sources which are generat-
ed from a broad base ~(i.e., property taxes, State and Federal
Aid, assessments, and franchise fees); finance responsive
services with dedicated revenue and user fees which directly
relate to the level of service provided; and minimize General
Fund financing assistance to those responsive service activi-
ties which have a common-good community benefit but cannot
totally finance expenses with user fees.
2. To minimize the need for property tax financing by control-
ling costs and by seeking alternative financing for City
services which focus on user fees for responsive services and
by the upgrading and/or enhancement of the property tax base.
3. To refine existing assessment financing formulas and user fee
rate structures to more accurately charge the costs of ser-
vice provided to the benefitting property owners and custom-
ers served.
4. To support Federal and State legislation that provides proper-
ty tax relief and direct aid to cities, without reliance on
regressive forms of taxation, while striving to eliminate
funding of regional and State responsibilities at the local
level. Oppose legislation which imposes local service man-
dates without Federal, State, or regional funding.
5. To direct resources to finance services provided by the City
and to minimize support for services primarily and appropri-
ately financed by other levels of government.
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