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<br />. <br />. <br /> In response to a Question from Ms. Smith, Ms~ Enaen said she had been <br />e takinq stances which she felt the Council would suoport: 1) that any <br /> kind of limitation should not include a Citv's bondinq capacity: 2) that <br /> there should be some sort of local Qovernment override by the vote of <br /> the peoole: 1) that if qeneral oneratinq expenses were included, there <br /> should be very careful consideration as to what that would mean at the <br /> local level. <br /> Manaaer noted the local oovernments are supportinq a position that defi- <br /> nition of the local qovernment limitation be done by leqislative act <br /> rather than constitutional, so it could be dealt with in the next leqis- <br /> lature if nroblems should arise. Reflardinq the bondinq capacity, he <br /> said anv system which uses a rate as a basis will hurt the bondinq <br /> caoacity in terms of economic development and bond increment fundinq. <br /> IX. DISCUSSION OF TH~ BUDGET PROCESS FOR 1979-80 <br /> This discussion will be delayed for another Council meetinq. <br /> Upon motion duly made, seconded, and passed, the meetinq was adjourned. <br /> ~en~~ <br /> City Manaqer <br />-- <br /> DT:nq/ml/CM25b1 <br />e <br /> 9/6/78--9 <br /> b'l <br />