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CC Work Session 2. 3. <br />Meeting Date: 11/01/2011 <br />By: Diana Lund, Finance <br />Title: <br />2012 General Fund Levy & Budget <br />Background: <br />The city adopted the proposed preliminary 2012 Levy and budget at its regular meeting of September 13, 2011. At <br />the time of adoption, staff had proposed a tax rate of 44.642 %. Staff was notified from the county that the actual <br />tax rate has come in at 44.321%. <br />Attached is a brief summary of the proposed 2012 Levy and the proposed tax rates of all taxing jurisdictions <br />(school, county & city) and the net effect on a residents property tax. <br />As the 2012 levy was reduced by using one -time or short-term financing, a schedule is included which outlines the <br />funds used and possible future funding. <br />Funding Source: <br />None <br />Council Action: <br />Discussion only of 2012 levy and budget. <br />Effect of levy on taxpayers <br />2012 Levy & Budget <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 10/27/2011 03:24 PM <br />Form Started By: Diana Lund Started On: 10/27/2011 07:45 AM <br />Final Approval Date: 10/27/2011 <br />