BY COUNCILOR STEWART:
RESOLVED, that the operation budget for the fiscal year January 1, 2008, to December 31, 2008, in the amount of $3,452,600 for the Duluth airport authority is hereby approved.
FURTHER RESOLVED, that the authority included in the resolution shall submit to the city council its proposed budget in a prescribed format on or before November 15 of each year.
STATEMENT OF PURPOSE: This resolution adopts the 2008 operating budget for the Duluth airport authority. The finance committee reviewed the Duluth airport authority budget at its November 13, 2007, meeting. The 2008 budget represents an increase of $75,600 or 2.24 percent over the 2007 budget.