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7A, Adopt 2010 Operating Levy Payable in 2011 & Establish the 2010 Truth-In-Taxation Hearing Date
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7A, Adopt 2010 Operating Levy Payable in 2011 & Establish the 2010 Truth-In-Taxation Hearing Date
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10/24/2024 10:15:21 AM
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Adopt 2010 Operating Levy
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2010 Truth-In-Taxation Hearing
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9/13/2010
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Options for Bud�et Ad_iustments <br />Please see Attachment B for a list of options for adjusting the preliminary 2011 budget. <br />None of the options are pleasant, easy or being recommended at this time; but any or all of <br />them can be further discussed at the September 13th City Council meeting or at a future <br />Council work session. <br />In reviewing the attached list of possible budget adjustments, the options fall into a number <br />of different classifications. Some of these classifications are: <br />• ones that will never happen <br />• ones that seem reasonable and may be approved <br />• ones that are looked at as "one time" adjustments and which would come back next <br />year for consideration <br />• ones that are "structural" in nature and may constitute a shift in Council policy <br />It is difficult to recommend too many cuts and a reduction in the tax levy when: <br />• all requests for expenditures are reasonable, accurate estimates and consistent with <br />Council goals for providing good municipal services <br />• the tax rate per capita is low in Arden Hills when compared to similar and <br />neighboring communities <br />• the tax levy increase is small and below the levy limit <br />Recommendation <br />It is recommended that, at this time, the City Council make no adjustments to the proposed <br />2011 General Fund expenditures. <br />If the Council reduces the proposed 2011 tax levy and, therefore, reduces General Fund <br />revenues, then budget adj ustments can be discussed and considered at future Council work <br />. <br />sessions. <br />
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