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Economic Factors and Next Year’s Budgets and Rates <br />Residential building activity is expected to continue its slowdown reflecting the metropolitan twin cities area <br />construction downturn. <br />Reduced payments from the State of Minnesota in regards to the Market Value Homestead Credit will cause more <br />difficulty in providing services at current levels. <br />All of these factors were considered in preparing the City’s budget for the 2011 fiscal year. <br />Requests for Information <br />This financial report is designed to provide a general overview of the City’s finances for all those with an interest in the City’s <br />finances. Questions concerning any of the information provided in this report or requests for additional financial information <br />should be addressed to the City Administrator, City of Centerville, 1880 Main Street, Centerville, Minnesota, 55038. <br />-23- <br /> <br />