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Merr�o <br />C'rty Council <br />2012 Propased Prel�minary Budget and Tax Levy <br />$ <br />GENERAi, �NFORMATiQN <br />A final ievy is established and certified in Decernber. As Council Ict�ows, once a preliminary <br />levy is �stabiished, the amount can be reduced, but it cannot be increased. <br />I� �hould be noted thafi the 0% Ievy increase provides no opportuniiy to buiid fund balances in <br />capiial funds {Park Fund, PTRICapital, Public Safety). if Council c�esires ari opportunity to <br />discuss additional traz�sfers to ca�ital funds, you tnay wa�t to cansider a higher preli�ninary tax <br />levy. <br />In order to proceed with budget preparation, it would be helpful ta have Council input. This <br />would include reaf�rming the preliminary Ievy amount and in.dicating any ather concerris ar <br />priorities that you rr�ay have after the Work Session discussion. <br />DIRECTIQN REQUESTED: <br />1. Direction to staff regarding the 2012 prelirt�inary ievy. <br />2. Rurther direction to siaff regarding 2012 budgei preparation. <br />:: <br />