Item A: Sequencing of Financial Measures to be Presented to Voters

Home Browse Search

EUGENE CITY COUNCIL AGENDA ITEM SUMMARY ~ Work Session: Sequencing of Financial Measures to be Presented to Voters Meeting Date: November 16, 2005 Department: Central Services www.eugene-or.gov Agenda Item Number: A Staff Contact: Jim Carlson Contact Telephone Number: 682-5524 ISSUE STATEMENT The purpose of the work session is to provide information for council discussion regarding the timing and sequencing of proposed local option levies, general obligation (G.O.) bonds and other measures to be presented to the voters. Developing a tentative election schedule provides direction to staff on where and when to focus their efforts in terms of ballot measure preparation. BACKGROUND The Council Vision Statement includes a vision around preservation of the City's physical assets and natural resources, including beautiful parks and open space. City Council goals include two relevant goals: · Accessible and thriving culture and recreation: A community that recognizes that the arts and outdoors are integral to the social and economic well-being of the community and should be available to all. · Fair, stable and adequate resources: A government whose ongoing financial resources are based on a fair and equitable system of revenues and are adequate to maintain and deliver municipal services. On January 20,2005, staff presented the Multi-Year Financial Plan to the Budget Committee. This plan identifies both the capital and operating needs of the entire organization for a six-year period. The plan incorporates unfunded projects and revenue shortfalls from other planning documents such as the Capital Improvement Plan and the General Fund Six-Year Financial Forecast. A summary of the Multi-Year Financial Plan is included as Attachment A. The complete Multi- Year Financial Plan was included in the Budget Committee materials distributed for the January 20, 2005, meeting and is available on the City internet site as part of the published budget document. An updated Multi- Year Financial Plan will be presented to the Budget Committee in early 2006. The council has been involved in planning for several major capital projects in recent years: · On October 19,2005, the council held an extended work shop on the topic of City Hall master planning. The goal of this master planning effort is to identify the preferred solution for rebuilding or replacing City Hall within the next few years. LICMOl200S Council AgendaslMOSll16lS0S1116A.doc