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<br />MEMO <br /> <br />DATE: September 8, 2000 <br /> <br />TO : Honorable Mayor and Council <br /> <br />FROM: Jim March <br /> <br />RE 2001 Budget, Resolution 00-18 - tax rate increase, <br />Resolution 00-19 - certifYing initial tax rate <br /> <br />............................................................................ <br /> <br />Included in your packet is Resolution #00-18. This is in regards to a relatively new law <br />that requires that this type of resolution be adopted if the City is considering a tax rate <br />increase. Even though we are contemplating keeping our tax rate at the same level, we <br />will need to adopt this resolution and file the resolution with Anoka County. Council <br />adopted a similar resolution last year. <br /> <br />Resolution #00-19 needs to be adopted so that we can certifY our proposed initial levy to <br />Anoka County. This proposed levy would keep our tax rate at the same level. Council <br />will have the ability to decrease this levy prior to final levy certification, but will not be <br />able to increase this levy amount. <br /> <br />A copy of the latest revised proposed budget will be distributed at the Council meeting. <br />