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�►T -i�iit+7 <br />City Council <br />2012 Proposed Preliminary Budget and T� Levy <br />9 <br />GENERAL INFORMAT�ON <br />A final levy is estabiished and certif ed in Decernber. As Council knows, once a preliminary <br />levy is established, the amount can be reduced, but it cannot be increas�d. <br />It should be nated tk�at the 3% levy increase provides no op�ortunity to build fund balances in <br />capital f�nds {Park Fund, PIR/Capital, Public Safety). If Council desires an opportunity to <br />discuss addiiional transfers to capital f�nds, you zx�ay wanf ta consider a higher preliminary tax <br />levy. <br />