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<br />e <br /> <br />RESOLUTION NO. <br /> <br />A RESOLUTION REQUESTING THE CITY MANAGER <br />TO IMPLEMENT A GRADUAL REDUCTION IN SERVICES <br />DURING THE NEXT THREE YEARS. <br /> <br />The City Council of the City of Eugene finds as follows: <br /> <br />1. Projected revenues to the City's General Fund will not be sufficient <br />to fund estimated operating requirements in future years. <br /> <br />2. Extended financial projections estimate an operating budget deficit <br />of $1,300,000 by the end of Fiscal Year 1987. <br /> <br />3. The City Council discussed this projected financial shortfall at <br />its October 1984 goals session and concluded that raising additional operating <br />revenue would not be appropriate given the local economy. Until such time <br />as the City Council approves additional revenue measures, the Council <br />instructed the Manager to prepare future budgets within the projected revenues <br />available to the eity. <br /> <br />NOW; THEREFORE, based on the above findings, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, <br />e a Municipal Corporation of the State of Oregon, as follows: <br /> <br />Section 1. The City Manager is requested to adjust City services in <br />the FY86 and FY87 budget proposals consistent with the above findings. <br /> <br />Section 2. The City Manager is further requested to report to the <br />Council on the financial projections for the General Fund and other related <br />funds and to prepare budgets for Budget Committee consideration consistent <br />with the reductions set out in this plan. <br /> <br />The foregoing Resolution adopted the <br /> <br />day of <br /> <br />, <br /> <br />City Recorder <br /> <br />e <br />