7A, 2011 Operating Levy Payable 2012 and 2011 Truth-In-Taxation

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Memo City Council 2011 Truth-in-Taxation Hearing Dates and 2012 Preliminary Tax Levy 2 Truth-in-Taxation Hearing Dates: The 20a9 Legislaiure changed the Truih-in-Ta�ation laws. We are now only required to announce and schedule one regular meeting at which the council discusses the budget and levy and takes comments fro�x� t�ae public. We may adop� the budget and final levy after the hearing during the same meeting. The meeting must be bettiveen November 2� and December 26 and must occur at or after b p.m. We must notify the county auditor by �eptember 15`� of the meeting date and time. The Council rnay choose to have a separate meeting ar may choose to do this at a regular meating. 5taff is providing two options for the Council to choose from: Monday, December 5, 2011 — 6:00 p.m. (Special meeting) or Monday, December 12, 2Q10 — 7:00 p.�n. —(Regularly sched�zled meeting) Tt is anticipated the Council will adopt the final 201 i levy payable in 2012, and the 2012 budget, on Decem€ber 12, 2011. Recammended ActioQ: 1. Adopi Resolution 2011-045, a Resolution setting the preliminary levy for taxes payable in 2012 in the amount of $3,132,264. 2. Adopt Res�lution 2011-046, a Resolutian adopting Truth-in-Taxation public hearing dates for proposed taxes payable in 2012. The date established is Decetiiber �, 2411.