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<br />CITY COUNCIL WORK SESSION <br />Topic Report: 2007 Budget & Levy <br />By: James E. Norman, City Administrator <br /> <br /> <br />Background: <br /> <br />The Truth in Taxation meeting will be held at 6:00 p.m. on December 4. The City Council <br />discussed the City's tax capacity rate, that is now set at 41.88%, which is now being mailed to <br />taxpayers throughout the City, during the work session of November 21. After a discussion on <br />the 2007 budget and levy, Council directed staff to bring back recommendations for Council's <br />consideration that would include cuts in the budget that would bring the tax capacity rate to a <br />38.9%. <br /> <br />Action Statement: <br /> <br />Provide direction to Council to prepare for the December 4 Truth in Taxation hearing. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />Finance Officer <br /> <br />CCWS: <br /> <br />11/28/06 <br />