NOTICE OF BUDGET HEARING
							2009
The governing body of
Lawrence
will meet on the 12th day of August, 2008, 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 2009 Expenditures and Amount of 2008 Ad Valorem Tax establish the maximum limits of the 2009 budget.
Estimated Tax Rate is subject to change depending on the final assessed valuation.
	Prior Year Actual for 2007		Current Year Estimate for 2008		Proposed Budget for 2009
		Actual		Actual		Amount of 2008	Estimate
FUND	Expenditures	Tax Rate *	Expenditures	Tax Rate *	Expenditures	Ad Valorem Tax	Tax Rate *
General	52,979,452	14.867	56,831,125	14.868	66,551,615	13,639,415	15.846
Bond & Interest	9,743,869	7.005	11,720,000	7.006	13,065,000	6,111,312	7.100
Recreation	3,216,204	0.482	3,590,612	0.483	3,699,126	415,741	0.483
Library	2,950,000	3.258	3,021,000	3.259	3,051,000	2,805,178	3.259
Public Transportation	1,457,535	0.746	1,782,844	1.171	4,660,222	2,169,085	2.520
Special Highway	2,730,098		2,851,711		2,953,413
Guest Tax	785,956		1,070,000		846,300
Special Alcohol	644,839		653,154		577,150
Special Recreation	585,775		597,400		590,105
Water and Sewer	32,006,157		35,785,414		35,511,148
Sanitation	9,722,086		10,883,901		11,285,542
Public Parking	1,013,825		1,198,844		1,154,287
Storm Water	3,434,092		3,503,149		3,516,606
Golf Course	765,414		972,940		1,113,172
Totals	122,035,302	26.358	134,462,094	26.787	148,574,686	25,140,731	29.208
Less: Transfers	4,418,600		4,624,588		6,256,833
Net Expenditure	117,616,702		129,837,506		142,317,853
Total Tax Levied	21,034,000		21,167,000		x
Assessed
Valuation	824,365,924		853,590,988		860,748,146
Outstanding Indebtedness,
January 1,	2006		2007		2008
G.O. Bonds	77,080,000		85,070,000		86,775,000
Revenue Bonds	25,910,000		24,860,000		43,465,000
Other	22,128,000		16,345,000		10,225,000
Lease Purchase Principal	0		0		0
Total	125,118,000		126,275,000		140,465,000
*Tax rates are expressed in mills
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