Laserfiche WebLink
~~ ~ <br />CITY COUNCIL WORK SESSION <br />Topic Report: 2011 General Fund Budget <br />By: Diana Lund, Finance Officer <br />Background: <br />Staff has begun to compile line-item budget requests for their respective departments for <br />the 2011 General Fund Budget. To assist in the completion, it would be beneficial to <br />receive a recommendation from council on where they would like to see the tax levy and/ <br />or tax rate for 2011. <br />The city received the assessor's estimate for 2011 on residential and commercial <br />properties: 11% decrease in value for residential and 8.5% decrease in value for <br />commercial. The effect on tax levy and tax rate holding the levy or tax rate constant is <br />attached. These are estimates only as the County does not provide actual taxable <br />numbers until late July/early August. <br />Action Statement: <br />Provide recommendation of tax rate/tax levy to begin 2011 General Fund Budget <br />process. <br />Reviewed By: <br />r <br />Acting City Administrator: p~...w~ <br />CCWS: 5-11-10 <br />