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CITY COUNCIL WORK SESSION <br />Topic Report: 2006 General Fund Budget <br />By: James Norman, City Administrator <br /> Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />The preliminary 2006 General Fund Budget was adopted at the September 13, 2005, City <br />Council meeting. The final budget will be adopted at the meeting of December 13. Staff <br />was asked to prepare scenarios representing different tax capacity rates and the amount of <br />budgct cuts needed to obtain each tax capacity rate. The tax capacity rates (with <br />respective budget cuts) that will be presented at the work session are: 39.1985%, <br />39.6364%, 40.0237% and 40.6836%. <br /> <br />Action Statement: <br /> <br />f~eview and discuss 2006 General Fund Budget <br /> <br />CCWS: 11/01/05 <br /> <br /> <br />