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Commissioner Eggert wanted more done for economic development <br />within the budget in the coming fiscal year. She also wanted <br />consideration given to the North County Industrial Park and <br />Recreation Park land. <br />Director Baird, turning to Page 18, 1996/97 Budget Revenue, <br />felt there would be a slight growth in the tax roll. He felt State <br />Revenues will be stronger, especially in the 1/2 -cent sales tax, <br />due to all the new retail, Disney Resort, etc. He indicated that <br />it was difficult to predict the revenue from the State as they have <br />a tendency to change the formula. He explained that the Limited <br />Other Revenue Sources had little impact on our budget and that Cash <br />Forward would give a slightly negative impact. Building Revenues <br />are remaining stable, which is an indication that we should have a <br />good New Construction portion of the tax revenue. <br />Chairman Adams asked how new construction relates to "building <br />revenues" and Director Baird clarified the process for her. <br />1996/97 BUDGET REVENUE <br />• Tax Roll Growth <br />- New Construction <br />- 3% Cap <br />• State Revenues <br />• Limited Other Revenue Sources <br />• Cash Forward <br />• Building Revenues <br />is <br />Director Baird next described each phase and cycle of the <br />Budget Preparation Process as outlined on Page 19. He advised that <br />the main reason the budget process is not begun earlier is due to <br />the State and the State agencies that feed off the County through <br />the general fund. The biggest reason is the TRIM notices and also <br />33 <br />February 13, 1996 <br />BOOK 97 F''E 294 <br />