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NEW BUSINESS - 6A <br /> -AVEEN HILLS <br /> MEMORANDUM <br /> DATE: September 29, 2025 <br /> Honorable Mayor and City Councilmembers <br /> TO: Jessica Jagoe, Interim City Administrator <br /> FROM: Joua Yang, Finance Director <br /> SUBJECT: Preliminary Tax Levy Approval for Taxes Payable 2026 <br /> Budgeted Amount: Actual Amount: Funding Source: <br /> N/A N/A N/A <br /> Council Should Consider <br /> Motions to approve, table or deny the following: <br /> • Resolution 2025-063 setting the Preliminary Levy for Taxes Payable in 2026 <br /> • Resolution 2025-064 adopting Truth In Taxation Public Hearing Date for Proposed Taxes <br /> Payable in 2026 <br /> Background <br /> State law requires that cities certify their proposed property tax levies to the county auditor by <br /> September 301h of each year. The proposed tax levy that is given preliminary approval may be <br /> lowered but cannot be increased. Therefore, it is important that the proposed tax levy provides <br /> adequate revenues to finance the 2026 Budget. The City Council needs to decide the maximum <br /> levy that it is willing to approve and then adopt the attached resolution. <br /> There will be another budget workshop in November. The City will hold its Truth and Taxation <br /> Hearing and set the final tax levy at the December 8, 2025 City Council meeting. <br /> A budget workshop was held with the Council on September 22, 2025. Staff was directed to <br /> incorporate additional changes to the preliminary levy. Below are changes made to the preliminary <br /> budget based on Council direction: <br /> • Adjust the police contract amount based upon the latest estimates from the Ramsey County <br /> Sheriff's Office—increase of$103,311 <br /> • Removal of the Public Works Maintenance Worker position per the Public Works Phase 2 <br /> staffing changes—decrease of$45,373 <br /> • Delay the Old Highway 10 Trail project from 2026 to 2027—no impact to 2026 levy <br /> Page l of 7 <br />