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<br />~ <br /> <br />--- <br /> <br />CITY COUNCIL WORK SESSION <br />Topic Report: 2010 General Fund <br />Budget/Levy <br />By: Diana Lund, Finance Officer <br /> <br /> <br />Background: <br /> <br />A preliminary levy and budget was adopted at the City Council meeting of September 8, <br />2009. The total proposed levy was $8,585,678 which included the General Fund levy, <br />Debt Service levy, EDA Levy and Mississippi Sub-district #1) and the proposed General <br />Fund budget was $9,698,041. The proposed tax capacity rate was 40.12%. <br /> <br />All proposed levies were submitted to the County and they have estimated the city's2010 <br />tax capacity rate at 37.686%. A comparison of all cities within Anoka County is <br />attached. Please note that only five cities in the county reduced their tax rates from 2009 <br />to 2010. <br /> <br />Also attached for your review is a listing of the Community Organizations and <br />memberships that was presented at a work session on September 22, 2009 and the <br />organizations that have been cut from the proposed 2010 budget. <br /> <br />The city is not required to hold a truth and taxation meeting this year, but is required to <br />talk about the budget and levy at a public meeting. The public meeting is scheduled as <br />part of the regular city council meeting of December 8, 2009. <br /> <br />Action Statement: <br /> <br />Discussion of2010 Levy and budget including any changes in community <br />programs/memberships to determine final budget and levy numbers for December 8 <br />meeting and adoption. <br /> <br />Reviewed By: Y/ ,- n <br /> <br />City Administratorp--- ~ ~ <br />Finance Officer <br /> <br />CCWS: 11/10/09 <br />