Coburg budget ignores proposed cap.
Byline: Karen Karen
Any member of a variety of tribal peoples of southern Myanmar (Burma). Constituting the second largest minority in Myanmar, the Karen are not a unitary group in any ethnic sense, as they differ among themselves linguistically, religiously, and economically. McCowan The Register-Guard
COBURG Coburg (kō`brk), city (1994 pop. 45,980), Bavaria, central W Germany, on the Itz River. - Betting that state legislators will swerve rather than pass a bill capping the city's traffic ticket income, the Coburg City Council drove ahead Tuesday night with a 2005-06 budget that assumes nearly $360,000 in revenue from traffic citations.
With little discussion, the council unanimously adopted the $1.2 million budget approved by the city's budget committee May 14, despite the so-called Coburg Law passing out of a Senate committee Monday with bipartisan support. The budget will leave Coburg with the largest per capita [Latin, By the heads or polls.] A term used in the Descent and Distribution of the estate of one who dies without a will. It means to share and share alike according to the number of individuals. police force in the state.
The fine-limiting bill was introduced by Sen. Floyd Prozanski, D-Eugene, in response to the city's history of generating up to half of its operating budget Noun 1. operating budget - a budget for current expenses as distinct from financial transactions or permanent improvements
budget items, operating cost, operating expense, overhead - the expense of maintaining property (e.g. by aggressively ticketing motorists as they pass through on Interstate in·ter·state
Involving, existing between, or connecting two or more states.
One of a system of highways extending between the major cities of the 48 contiguous United States.
Noun 1. 5.
The bill has to pass both the full Senate and the full House to become law. It would cap Coburg's annual revenue from traffic fines at 10 percent of its general operating budget - about $120,000 next year.
City finance Director David Landrum said he considered preparing some last-minute budget alternatives with program cuts to offset the potential loss of $240,000 in projected 2005-06 ticket revenue, should the law pass.
`I thought about putting together a big `What if?' scenario,' said Landrum, hired this spring as the city emerged from a year-long fiscal crisis. "But I decided not to until things are a little more sure."
If the bill becomes law, the city will have to reconvene reconvene
to gather together again after an interval: we reconvene tomorrow
Verb 1. reconvene - meet again; "The bill will be considered when the Legislature reconvenes next Fall" its budget committee to adopt a supplemental budget reflecting the lost revenue.
City officials have pleaded with legislators not to impose the limit, noting that the city is already moving away from a reliance on traffic ticket revenues that have exceeded $750,000 in recent years.
Coburg leaders have also said they cannot afford to lose the revenue now, amid a multiyear plan to repay loans and rebuild reserves tapped after discovering a $600,000 shortfall Shortfall
The amount by which the capital required to fulfill a financial obligation exceeds available capital.
Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. in the 2004-05 budget.
Mayor Judy Volta alluded to those woes Tuesday night when she assured community members attending the council meeting that she had carefully checked each figure in the budget to ensure they were the same ones approved during the budget-making process. "Last year there were different budgets presented to us than what ended up on paper," she said.
Coburg resident Ray Kuhl pressed the council not to give up on efforts to determine who created that discrepancy DISCREPANCY. A difference between one thing and another, between one writing and another; a variance. (q.v.)
2. Discrepancies are material and immaterial. .
"I'm not here to beat a dead horse, but I get the impression that the misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of money ... it's getting swept under the carpet," he said. "We'd still like to know what happened, where it went and who's going to be held responsible."
The city conducted a special audit intended to determine how the shortfall occurred. It pinpointed accounting and math errors, but turned up no evidence that anyone appropriated funds for personal gain.
In a May 26 letter, Lane County Chief Deputy District Attorney Kent Mortimore said his office reviewed a summary of the auditors' findings and agreed there was no basis for criminal prosecution.