10/25/1978 Meeting - Laserfiche WebLink

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. ~ C.B. 1766--Concerning Councilor interests in contracts; adding Section 2.016 to Code, 1971; and declaring an emergency . was read by council bill number and title only, there being no Councilor present requesting it be read in full. Mr. Hamel moved, seconded by Mr. Bradley, that the bill be read the second time by council bill number only, with unanimous consent of the Council, and that enactment be considered at this time. Motion carried unanimously and the bill was read the second time by council bill number only. Mr. Hamel moved, seconded by Mr. Bradley, that the bill be approved and given final passage. Roll call vote. All Councilors present voting aye, the bill was declared passed and numbered 18289. A short recess was taken. Mr. Williams left the meeting. v. Ballot Measures 6 and 11--memos distributed Paget Engen reminded Council the analysis of the ballot measures had been based on 1977-78 figures. Staff was in process of updating those, using 1978-79 figures. However, she noted the proportions do not really change drastically when talking about the percentage of the budget being . affected. Part III to be discussed today deals with what happens to the City operat- ing budget if either one of the budget measures were passed. She said the $15 per $1,000 tax rate under Measure 6 would have to be allocated among all competing local taxing districts. It is not known at this time how the Legislature will do that. She said the State's total budget for 1977-79 biennium is $2 billion dollars. One half of that amount goes back either to local governments or to property tax payers through the HARP Program. The operating (non-d~bt) levy for Eugene for 1977-78 was $9.8 million. Four and one-h~lf million was within the six percent limitation, and $5.3 million levied outside the six-percent limitation. The 1977-78 operating budget for Eugene was $21 million. That did not include the debt services, assessments on streets, capital projects, or bonds. The total budget expenditure for 1977~78 was $45 million. If Measure 6 were to pass, she said it is known the property tax levy will be reduced significantly. Based on the 1977-78 budget~ the City ,would lose as much as $6.9 million in property tax revenues. That would be 20 to 30 percent of the operating budget. If Measure 11 were to pass, the State would provide about 25 percent of the total operating budget. e 10/25/78--8 100