NOTICE OF BUDGET HEARING
The governing body of
City of Lawrence
will meet on the 8th day of August, 2006 at 6:35 p.m. at City Hall for the purpose of
hearing and answering objections of taxpayers relating  to the proposed use of all funds and the amount of ad valorem tax.
Detailed budget information is available at the City Manager's Office
and will be available at this hearing.
BUDGET SUMMARY
Proposed Budget 2007 Expenditures and Amount of 2006 Ad Valorem Tax establish the maximum limits of the 2007 budget.
Estimated Tax Rate is subject to change depending on the final assessed valuation.
	2005		2006		Proposed Budget 2007
	Prior Year Actual	Actual	Current Year Est	Actual		Amount of 2006 Ad Valorem Tax	Est.
FUND	Expenditures	Tax Rate *	of Expenditures	Tax Rate *	Expenditures		Tax Rate *
General	47,205,987	15.777	55,205,487	15.026	58,790,229	13,067,450	15.854
Library	2,502,000	3.256	2,759,000	3.264	2,950,000	2,685,800	3.259
Public Transportation	1,587,864	1.363	1,237,955	0.632	1,754,423	614,635	0.746
Recreation	3,084,902	0.394	3,378,792	0.406	3,473,598	397,705	0.483
Bond and Interest	8,666,095	7.069	11,310,000	7.047	11,609,099	5,774,470	7.006
Special Highway	2,386,554		2,866,371		2,915,425
Guest Tax	715,595		800,000		850,000
Special Alcohol	569,136		645,000		651,899
Special Recreation	573,685		606,000		585,800
Water and Sewer	27,884,119		30,831,598		37,647,321
Sanitation	8,718,833		10,377,372		10,851,981
Public Parking	841,210		943,670		1,152,174
Storm Water	8,160,849		3,738,358		4,020,314
Golf Course	944,546		1,022,786		1,004,303
Totals	113,841,375	27.859	125,722,389	26.375	138,256,566	22,540,060	27.348
Less: Transfers	2,892,525		3,038,662		4,425,600
Net Expenditure	110,948,850		122,683,727		133,830,966
Total Tax Levied	19,423,973		19,835,000		x
Assessed
Valuation	718,149,570		776,860,997		824,213,461
Outstanding Indebtedness,
January 1,	2004		2005		2006
G.O. Bonds	66,295,000		74,885,000		77,080,000
Revenue Bonds	9,475,000		8,935,000		25,910,000
Other	28,270,000		15,745,000		22,128,000
Lease Purchase Principal					0
Total	104,040,000		99,565,000		125,118,000
*Tax rates are expressed in mills
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