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CASE REVIEW AND ADOPT 2000 TAX LEVY AND GENERAL FUND BUDGET By: Diana Lund, Finance Officer Background: The 2000 Truth-in-Taxation Public Hearing was held on Monday, December 6, 1999, at 6:00 p.m. in the Council chambers. The information distributed at the hearing included information regarding the tax capacity rate and tax dollar utilizing the certified maximum proposed tax levy that was certified in September, 1999. The 2000 Proposed General Fund Budget, as it has been presented and reviewed in the past several months, is based on the collection of tax dollars at the level certified by the state under the newly imposed levy limits and results in an e~timated 23.989 tax capacity rate. This budget was balanced through staff recommended adjustments and resulted in a total contingency in the amount of $64,312. Included is funding for training [$10,000] and an unallocated line item [$54,312]. The budget also includes an increase in the staffing complement by one full-time Street Maintenance worker, one full-time Patrol Officer, one full-time TIF Specialist, one full-time Assistant to City Administrator, one full-time City Planner, one full-time City Engineer, and one part-time Fire Code Inspector. It also includes funding for MIS consulting... Other than those improvements, staffing remains unchanged for 2000. The budget as presented includes $293,780 of capital outlay items of which $132,010 will be funded by the Equipment Revolving Fund. The balance of $161,770 will be funded through the property tax levy and general fund revenues. In total, Public Safety [police, fire, inspections, civil defense] is now 37.17% of the budget. General Government [administration, finance, elections, planning and legal] is 28.71% of the budget. Public Works and Parks represent 23.31.% and miscellaneous and transfers make-up the balance. This budget assumes that the PIR Fund will be providing for the street maintenance sealcoating program for 2000, in the same manner as had been provided in 1999 State Statutes require that the 2000 Levy and General Fund Budgets must be adopted at a meeting separate from the public hearing and before December 28, 1999. Therefore, the 2000 Proposed Levy and General Fund Budget are presented for adoption at tonights Council meeting. Staff Recommendation: Staff recommends adoption of the 2000 property tax levy and General Fund Budget as presented utilizing the maximum proposed tax levy which results in a tax capacity rate of approximately 23.989.