Tuesday will be our last budget work session. The Council will then take up the budget at the first Council meeting in September. I will then detail the changes and cuts that will be needed to full fill the next two years of our fiscal goals.
The budget we are putting together for 2009 will need to be another series of spending cuts so the fund balances can be reserved for the 2010 budget. The dramatically reduced property tax collections especially from foreclosed developer property has caused significant harm to Isanti. The trap we have to not fall into is raising taxes on those that are actually paying their taxes to make up for the ones that are not.
We have an opportunity to continue the great work we did last year to keep Isanti on a sound fiscal foot.
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