February 1, 1996

Merger Finance Committee Meeting January 30, 1996

According to Don Imbus, the Finance Committee was advised by The Montgomery County Auditor's office that, based on 1995 data, the combined revenues of Randolph and Clayton from the County Local Covemment Fund would increase from approximately $163,000 to $275,000 per year in the event that the two entities merged. " Cities definitely have revenue advantages when tax proceeds are divided in the county" Imbus said. This increase would more than offset the .42 inside millage losses from Englewood and Union.

The finance committee is exploring The impact on revenues if a merger were to occur.

Other Merger subcommittees will report their financial budgets to the finance committee to come up with a composite financial picture of a merged entity.

The next scheduled meetings of the full commission are Febmary 6, 1996 at Randolph Township at 7:30 PM and March 5 at Clayton Village Hall at 7:30 PM. The public is encouraged to attend.