Budget Balancing Options Presentation to the City Council & Community May 14, 2008

$1.04 Tax Rate Option Additional Revenues Additional Personal Property (per COR) $ 500,000 Changes in Expenditures Public Safety Competitive Pay $ 300,000 VA Scholarship & Youth Development $ 5,000 CSB for The Denbigh House $ 35,000 Add Back 25% to Outside Agencies $ 57,400 Add Back to Regatta $ 5,000 Enhancement to Volunteer Companies $ 38,064 Contingency $ 59,536 $ 500,000

$1.05 Tax Rate Option Additional Revenues Additional Personal Property (per COR) $ 500,000 Additional Real Estate Tax (1 cent) $ 1,119,034 Total Revenue $ 1,619,034 Changes in Expenditures Public Safety Competitive Pay $ 300,000 VA Scholarship & Youth Development $ 5,000 CSB for The Denbigh House $ 35,000 Add Back 25% to Outside Agencies $ 57,400 Add Back to Regatta $ 5,000 Enhancement to Volunteer Companies $ 38,064 1% Merit Pay $ 819,405 Increase in school contribution $ 359,165 Total Expenditures $ 1,619,034

$1.06 Tax Rate Option Additional Revenues Additional Personal Property (per COR) $ 500,000 Additional Real Estate Tax (1 cent) $ 2,238,068 Total Revenue $ 2,738,068 Changes in Expenditures Public Safety Competitive Pay $ 300,000 VA Scholarship & Youth Development $ 5,000 CSB for The Denbigh House $ 35,000 Add Back 25% to Outside Agencies $ 57,400 Add Back to Regatta $ 5,000 Enhancement to Volunteer Companies $ 38,064 1% Merit Pay $ 819,405 Increase in school contribution $ 1,478,199 Total Expenditures $ 2,738,068