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<br /> <br />tervi[{e <br />'Estafiisfierf 1857 <br /> <br />STAFF REPORT <br /> <br />DATE: <br /> <br />August 28, 2002 <br /> <br />TO: <br /> <br />Mayor and City Council <br />Kim Moore-Sykes, City Administrator tJAib <br /> <br />FROM: <br /> <br />RE: <br /> <br />2003 Tax Levy <br /> <br />......................................................................... <br /> <br />By law, cities are required to set their preliminary levy this year by September 13, 2002. <br />While we do have one more Council meeting before that deadline, Staff put it on the <br />agenda to give Council an opportunity to discuss it before it has to be approved and <br />before Councilmember Broussard Vickers is on vacation. Councilmember Broussard <br />Vickers did notify Staff and Council that she will be in Europe for most of September. <br /> <br />Also, Council has indicated to Staff that Monday, August 26th is the last budget <br />worksession and Staff felt that if Council can agree on the levy after this worksession, <br />that we can get the resolution adopting the levy to the State sooner. <br /> <br />The final levy is set and submitted to the State in December. The preliminary levy is <br />generally set at the maximum allowed at this time to provide more time to determine <br />what the final levy will be. As has been the case in previous years, a council can set it at <br />the maximum and back down from there but a city cannot go higher from the preliminary <br />levy. <br />