Agenda - Council - 04/10/1990 - Laserfiche WebLink

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MEMORANDUM FROM: DATE: SUBJECT: Mayor Reimann Councilmember Cich Councilmember DeLuca Councilmember Pearson Councilmember Peterson City Administrator Hartley Sandra G. Ashley, Finance Officer March 26, 1990 Budget and Property Tax Levy for Taxes Payable in 1991 The following information has been received: August 1,1990 Department of Revenue is to certify LGA amounts to all Cities and certify levy limits to Cities with populations over 2,500 September 1, 1990 All Home Rule and Statutory Cities shall adopt a proposed budget and certify proposed property tax levy to the County Auditor for taxes payable in 1991. The City may not exceed the levy limit it certifies in September when it certifies it's final levy. November 10, 1990 The County Auditor must prepare and the County Treasurer must property,mail notices of proposed property taxes to each individual parcel of Cities are not responsible for the preparation or the mailing of these notices, but may have to share in the cost of preparation and mailing. ~" November 15 to Our City must hold public hearings to adopt the final December 20, 1990 budget and final property tax levy. The City Council must discuss the percent increase in property taxes (if any) and the specific uses of the increased tax revenues. The City may amend it's budget and levy, but must adopt a final budget and levy at the public hearing. The hearing must be after 5:00 p.m. if scheduled for any day other than a Saturday. Hearings may not be on Sundays. At the time the City schedules the initial budget hearing, it must also schedule a time and place for a second hearing. This gives advance notice of continuation of the hearing in the event of a recess of the first hearing. The Commissioner of Revenue must coordinate hearing dates, to avoid overlapping schedules with the Counties and School Districts. It is likely however, that County Auditors will again perform this function.