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Minutes of the Regular Meeting of Council Tuesday, January 17, 2012 Page 6 So overall we have looked to maintain a really balanced schedule of managing the revenues and the expenditures appropriately looking at inflationary factors: We have to beaz in mind that after this year, esta.te tax will drop off by operation of law. This last year I think it was around $450,000, just under $500,000. It fluctuates. It's hazd to predict that. Ron indicates that probably over the next two or three years thereafter we can expect some additional revenues just the way the tax code works. But at some point those dollars drop off. We have seen in Columbus just in this last yeaz two different occasions where Governor Kasich and the General Assembly trimmed back substantially payments out of Columbus to local government funding. We don't expect that to alter a whole bunch. Probably between now and March just as we go .through our budget cycle they will be going through ttie budget cycle down in Columbus and we will see what kind . of res.ults the legislation will impact our revenue stream. So the ability to build up our reserves to pay down the debt in a structured fashion which we feel is the best way to manage those assets and actually benefit from the low interest rates that we bear on those and at the same time maintaining the kinds of discipline that we have in our deparhnents which we think we've done well in hying to maintain, reduce the overtime, reduce the need for expenditures. We are looking at a variety of ways through each department looking at budgets where we try. to reduce those overhead costs and I think we've managed that pretty well. I wanted to give, a general overview. We will provide 'more detail in the VOV. We anticipate . having another public Town Hall meeting as we have done periodically roughly every six to eight months and publish those data as well. Our goal has been to show kind of tlie confidence that I think we all should have that we are trying to manage our affairs in an appropriate way and maintain.basic services and do them very well and keep an eye on our infrastructure. A,s I said; we.look to this next year predominantly to look at not particularly sexy projects but the ones that are important.for eve ryone in their neighborhoods to keep our housing values high and our infrastructure solid. I have every reason to expect that we will continue on that course. So withouf further ado, I want to .welcome you again. Your paazticipation matters: Your input matters. The interplay between us as we try tfl resolve decisions and really just going out and talking to your neighbors overall I think in a small community we have a lot to be thankful for and a lot to maintain. Now, what I am going to ask you to do, in the. past we have generally, gone 'through each gi'oup but we are going to do a multiple swearing in. So I am going to ask you all to stand up. Council President Buckholtz asked Council for a motion to approve the selection of the committees and other administrative positions for 2012.