City Manager Lyman Cozad is assuming that there will be a 25% increase in assessed valuation which should make budgeting easier for 1976-77, but will not result in a lower tax rate.
Inflation and the energy shortage are causing the city management grave concern about meeting the budget. City Manager Lyman Cozad expects a $120,500 increase in sales tax from Fashion Park for the 1974-75 fiscal year. He also expects an $84,000 rise in property taxes.
An extensive biography of George Watts, who has been named acting City Manager, succeeding Lyman Cozad who left to become manager of the League of California Cities.
Lyle W. Alberg has been chosen City Manager from more than 100 applicants. He has had more than 20 years experience in city government and will assume the post vacated by Lyman Cozad as of January 1, 1978.
Lyman Cozad, City Manager for 11 years, has announced that he will resigning as of October 1, 1977 to take a new position. A summary of progress under his managership is given.
Critics of the lack of communication between the city government and the people want "Agenda Packets" disseminated more widely. City manager Lyman Cozad said that 2 are placed in the Library on the Friday before the Tuesday Council meeting.
Arcadia Finance Director, Charles Reiman, announced a 10.2% increase in the operating budget of the city of Arcadia for 1979-80. This was the first of 2 public hearings on the budget.
The City Council will consider lowering the Utility Tax. City Finance Director, Charles Reiman, will give the necessary background in the City's need for revenue.
There will be no summer school in the Arcadia Unified School District due to the passage of Proposition 13 limiting property taxes to 1 percent of the assessed valuation.
The Planning Department hopes to get a marked and some-what protected bicycle path through the city that would link up with adjoining areas. The city has included $10,000 in the capital improvements budget for 1975-76.
The School Board has begun discussions on a proposed tax increase election to cope with galloping inflation. The Board hopes to hold the election on April 15, 1975 in conjunction with the election for Board members.
The Arcadia Tax Reform Committee has officially been formed and will petition the City Council to rescind the new sewer and street-sweeping levies and the increase of the utility tax from 5% to 7%.
A final tentative budget for the 1978-79 school year has been adopted by the Arcadia Board of Education. The final figure was set at $15.4 million, but will probably be revised as state formulas affect the budget during the year.