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NEW BUSINESS – 8B <br /> <br /> <br /> <br /> <br />MEMORANDUM <br /> <br /> <br />DATE: September 29, 2014 <br /> <br />TO: Honorable Mayor and City Council <br /> Patrick Klaers, City Administrator <br /> <br />FROM: Sue Iverson, Director of Finance and Administrative Services <br /> <br />SUBJECT: Establishing 2014 Truth-In-Taxation Hearing Dates <br /> <br /> <br />Background <br /> <br />By September 30, 2014, the City is required to adopt and certify to Ramsey County our Truth-In- <br />Taxation hearing date for proposed taxes payable in 2015. The 2014 Legislature changed this <br />certification date from September 15 to September 30. <br /> <br />Discussion <br /> <br />Cities are required to announce and schedule one regular meeting at which the Council discusses <br />the budget and levy and takes comments from the public. Cities are no longer required to <br />publish notices in the paper. Cities may adopt the budget and final levy after the hearing during <br />the same meeting. The Truth-In-Taxation hearing must be after November 25 and no later than <br />December 26 and must occur at or after 6 p.m. <br /> <br />The Council may choose to have a separate meeting or may choose to hold this hearing at a <br />regular meeting. It is recommended that the City Council hold the Truth-In-Taxation hearing <br />during the December 8th regular meeting. <br /> <br />It is anticipated the Council will adopt the final 2014 levy payable in 2015, and the 2015 budget, <br />on December 8, 2014. <br /> <br />Requested Action <br /> <br />1. Establish a Public Hearing date for Truth-in-Taxation. (Adopt Resolution 2014-046, a <br />Resolution adopting Truth-in-Taxation public hearing dates for proposed taxes payable in <br />2015.)