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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