HomeMy WebLinkAboutJul 21, 1980REVENUE SHARING EXECUTIVE HEARING
CITY OF COLUMBIA HEIGHTS
JULy 21~ 1980
The purpose of this hearing was for input from local citizens
and groups to present written or verbal comments as to how they
think their revenue sharing dollars should be spent.
The 1981 allocation to Columbia Heights will be approximately
$160,000.
The Revenue Sharing Law requires the City Manager to hold a public
hearing before a proposed budget is submitted to the City Council.
The City Manager reviewed how these monies have been spent for the
last seven or eight years in Columbia Heights. Examples he cited were,
acquisition of land, primarily for parks, equipment, purchase of
vehicles, and park buildings. To date, a little less than 1.2 million
dollars have been expended.
One resident in attendance felt all of the Revenue Sharing funds
should be spent before any of the taxes from the City are used.
He requested a list of the monies spent out of the General Fund
on the Downtown Development Plan. The Mayor instructed the City
Finance Director to compile the list as soon as possible. The
resident also questioned what was being done with the funds that
are not being used. The Mayor advised him these funds were invested
immediately so there is always interest being earned on them.
The City Manager completed his presentation and the hearing concluded.
~ne Student, Cou'Oh-¢il
Secretary