Laserfiche WebLink
Memo - City Council <br />2016 Proposed Preliminary Budget and Tax Levy <br />8 <br />2016 Rate Increases <br />Water 2% <br />Sanitary Sewer 2% <br />Surface Water 3% <br />Other Funds <br /> <br />We have had previous discussion on the EDA Funds at the last EDA meeting. <br /> <br />Capital Funds were discussed for 2016 at our July worksession during the Capital Improvement <br />Plan (CIP) review. It should be noted that staff has included a transfer from the General Fund in <br />this proposal to build reserves. <br /> <br />Enterprise Funds are being evaluated and changes made to accurately <br />reflect economic conditions and historical trends and any increase that <br />may be passed through to us by other agencies. <br /> <br /> <br /> <br /> <br />GENERAL INFORMATION <br /> <br />A final levy is established and certified in December. As Council knows, once a preliminary <br />levy is established, the amount can be reduced, but it cannot be increased. <br /> <br />DIRECTION REQUESTED: <br /> <br />1. Discussion with staff regarding the 2016 preliminary levy and motion to adopt Resolution <br />2015-04, setting the Preliminary Levy for Taxes Payable in 2016. <br />2. Motion to adopt Resolution 2015-042, adopting Truth In Taxation Public Hearing Date <br />for Proposed Taxes Payable in 2016.