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mkcn into consideration. Itowever, he cannot see raising taxes the year a new Municipal Center <br />is put into thc ground, and he will work hard at dropping the budget at some degree. <br /> <br />Finance Officer Lund reviewed the effect of the proposed levy in relation to taxes based on <br />property values. <br /> <br />Councihncmbcr Elvig questioned if it is known what the percentage increase will be in property <br />val Lies. <br /> <br />[qnancc Officer Lurid replied the cap was 12% last year and is 15% this year. <br /> <br />Counci Imcmber Olson commented on the need to be sensitive to the fact that the City will not be <br />thc only entity raising taxes. <br /> <br />Chairperson Stro~nmen noted the discussion at the last work session was to proceed with the <br />proposed budget at this time so as not too dip too heavily into the Landfill Trust Fund, but that <br />thc Council needs to continue looking for cuts in the budget. <br /> <br />Motion by Councilmember Olson, seconded by Chairperson Strommen, to recommend the City <br />Council adopt the resolution Approving the Proposed Maximum 2005, Payable 2006, Tax Levy. <br /> <br />Motion carried. Voting Yes: Chairperson Strommen, Councilmembers Olson and Elvig. <br /> <br />Further discussion: Councilmember Elvig stated he has only voted in favor of this levy for the <br />purpose ol~ moving this forward. He has all intentions on reducing the levy. Chairperson <br />Strommcn and Councilmember Olson concurred. <br /> <br />I:inancc Officer Lund indicated the Truth in Taxation public hearing dates must be certified to <br />Anoka County by Thursday, September 15, 2005. Staff is recommending the initial hearing be <br />scheduled for Monday, December 5, 2005 at 6:00 p.m., with a reconvene date of Monday, <br />l)eccmbcr 12, 2005 at 6:00 p.m. if necessary. <br /> <br />Motion by Chairperson Strommen, seconded by Councilmember Elvig, to recommend that the <br />City Council schedule the City of Ramsey's initial budget public hearing on Monday, December <br />5, 2005 at 6:00 p.m. and a reconvene date (if necessary) on Monday, December 12, 2005 at 6:00 <br />p.m. <br /> <br />Motion carried. Voting Yes: Chairperson Strommen, Councilmembers Elvig and Olson. Voting <br />No: None. <br /> <br />(:asc #5: Review and Adopt "Proposed" 2006 General Fund Budget <br /> <br />}"inancc Officer Lund advised the budget presented tonight is not the final budget; it is strictly a <br />proposed budget and will be amended in the following months before final adoption in <br />I)cccmber, 2005. The budget as presented is in the amount of $10,479,527, which represents a <br />9°4,, increase from the 2005 budget of $8,806,000. <br /> <br />Finance Committee / September 13, 2005 <br /> Page 4 of 6 <br /> <br /> <br />