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2006 West Lafayette Budget

2006 West Lafayette Budget. Budget of austerity Budget that controls expenditures Budget that plans of the future. Budget Breakdown. Total = $16,545,440 1.3 % Decrease. Total Controlled Levy = $12,422,670 2.3% Decrease. General Fund = $10,334,940 1.2 % Increase.

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2006 West Lafayette Budget

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  1. 2006 West Lafayette Budget • Budget of austerity • Budget that controls expenditures • Budget that plans of the future

  2. Budget Breakdown Total = $16,545,440 1.3 % Decrease Total Controlled Levy = $12,422,670 2.3% Decrease General Fund = $10,334,940 1.2 % Increase

  3. West Lafayette vs. Indiana Cities of Comparable Size Total Budget($ millions) EmployeesPolice & Fire City Employees 104 47 7.5 65 5.3 28 • Data standardized per 10,000 people • Valparaiso, Goshen, Hobart, Jeffersonville, Marion, Michigan City, Noblesville, Portage, Carmel, Fishers, Greenwood, New Albany

  4. 2006 Controlled Levy Funds 9.4 % 15.4 % 22.5 % 35.4 % millions of dollars

  5. Challenges Beyond Our Control • Fuel Costs – up 20% • Health Care Costs – up 13% • Property and casualty insurance - $450,000

  6. Continue to Provide Quality Services Internal Efficiencies • Lean and Clean • Computers and small equipment • Vehicle Life • Careful management resources

  7. Strategy to address city’s pension obligations • Use of Rainy Day Fund in 2006 • Additional $60,000 in fire pension in 2006 • Use of TIF dollars for maintenance of capital assets • Review of user-based fees that reduce reliance on property tax • Protection of PERF funds until 2008

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