McMinnville's finances finally looking up
In part, he said, that’s due to stringent measures by the city to control costs. In addition, revenue estimates for next year have increased by about $429,000.
Wells said three factors contribute: a $160,000 increase in estimated property tax revenue, “due to more robust collections;” $68,000 in Water & Light franchise fees, because of a recent rate increase; and $63,000 from a new transient occupancy tax the city is expected to institute in January.
In a related move, the council voted unanimously to schedule a public hearing on the proposed transient occupancy tax for June 11. In other business, the council:
n Acting in its capacity as the city’s Urban Renewal Agency, directed city staff to proceed with the scheduling of a public hearing on the proposed urban renewal plan.
n Held a ceremony presenting a plaque for the police department’s recent accreditation, by the Oregon Accreditation Alliance. Mayor Rick Olson also read a proclamation declaring National Police Week.
n Approved an agreement with McMinnville Water & Light, granting it sole authority to decide whether, when and how to expand the city’s fiber optic loop.
n Awarded a contract for janitorial services to ABM Janitorial for $128,460 a year.
n Heard a presentation on the work of the parks maintenance staff and the effect proposed budget cuts are likely to have on it.