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CC Work Session 2. 1. <br />Meeting Date: 08/28/2012 <br />By: Diana Lund, Finance <br />Title: <br />2013 Budgets & Levies - General Fund, HRA & EDA Fund <br />Background: <br />Continued discussion of 2013 budgets and levies before proposed budgets and levies presented for adoption at <br />regular City Council and HRA meetings of September 11, 2012. The proposed 2013 tax capacity rate is 44.715% <br />incomparison to 44.172% in 2012. An $180,000 reduction in levy = 1% decrease in tax capacity rate. <br />In response to a question raised at the last work session, the County HRA Director has indicated that it is likely that <br />the County HRA undesignated levy (approximately $236,000 per year), all or part, could be used by the City to <br />fund current City HRA activities. The City would need to make a request and have it approved by the County <br />HRA (consisting of County Board members). Staff will examine different budget scenarios based upon utilization <br />of County HRA dollars for current City HRA purposes. <br />Funding Source: <br />Not applicable <br />Council Action: <br />Continued discussion of 2013 General, EDA and HRA budgets and levies. <br />Budget Presentation <br />2013 General Fund Budget <br />2013 HRA Budget <br />2013 EDA Budget <br />County HRA Funding <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 08/23/2012 08:56 AM <br />Diana Lund (Originator) Diana Lund 08/23/2012 03:31 PM <br />Form Started By: Diana Lund Started On: 08/20/2012 09:01 AM <br />Final Approval Date: 08/23/2012 <br />