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<br />Page 2 of2 NU <br /> <br />Council approval of the preliminary levy can be done at the August 28 or September 11 meeting. <br />At the July Work Session, the City Council directed staff to assume a 4% levy increase fOT . <br />purposes of preparing the budget. Based on the preliminary budget preparation done so far, I <br />would recommend that the preliminary levy include a minimum 4% increase. A final levy is <br />establised and certified in December. As Council knows, once a preliminary levy is established, <br />the amount can be reduced, but it cannot be increased. <br /> <br />In order to proceed with budget preparation, it would be helpful to have Council input. This <br />would include reaffirming the preliminary levy amount, indicating tentative acceptance of the <br />proposed CIP plan, and indicating any other concerns or priorities that you may have after the <br />Work Session discussion. <br /> <br />In order to assist Council, we've attempted to compile a list of "Budget Highlights." Please <br />remember, as stated earlier, that this is a very early document and further detailed budget <br />discussion will occur. <br /> <br />REQUESTED ACTION <br /> <br />Further direction to staff regarding 2007 budget preparation. <br />Direction to staff regarding the 2007 preliminary levy. <br /> <br />. <br /> <br />\\metro-inetlardenhills\Admin\City AdministratorlMemo\2006\8-21-06 Memo HE 2007 Budget. doc <br /> <br />. <br />