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FC CASE # ADOPT RESOLUTION APPROVING PROPOSED 2003 PAYABLE TAX LEVY By: Diana Lund, Finance Officer Background: Proposed 2003 Payable Tax Levy Proposed Tax Levies: General Fund Levy Debt Service Levy - Lease Revenue Bond-(Fire Station #2) (Being Requested) Certificates of Indebtedness (2000 Cap Equip Cert) (Being Requested) Certificates of Indebtedness (2003 Cap Equip Cert) (Being Requested) Pera Rate Increase (Being Requested) Drainage District Levy (Mississippi Subdrainage) $ 4,492,600 148,255 76,254 66,772 7,164 43,348 TOTAL PROPOSED LEVY- 2003 $ 4,834,393 The attached resolution, as it is presented, reflects a levy of $4,834,393. While the proposed levy can always be reduced, it cannot be increased without "higher" level approval through an appeals process. Therefore, it is staff's position that the maximum proposed levy be adopted at tonight's meeting at the level proposed. The proposed levy must be certified to Anoka County by Monday, September 16, 2002. Therefore, the Council must make a decision at tonights meeting as to the amount of this levy. Scheduling Budget Public Hearing Dates The City of Ramsey's 2003 public hearing to consider the 2003 budget and tax levy must be held between November 29 and December 20, 2002, and the date of the initial hearing must not conflict with the dates selected by the county, school districts or special taxing districts, although the continuation hearing may. We have received notice from Anoka County that the other governmental units have set the following hearing dates: Taxing District Initial Hearing Date Reconvene Hearing Date Anoka County Thursday, December 5, 2002 Tuesday, December 17, 2002 ISD #11 (Anoka-Hennepin) Tuesday, December 3, 2002 Tuesday, December 10, 2002 -353-