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, Notice of Proposed Total Budget and Property Taxes The CenterviUe city council will hold a public hearing on its budget and on the amount of property taxes it is proposing to collect to pay for the costs of services the city will provide in 2004. SPENDING: The total budget amounts below compare the city's 2003 total actual budget with the amount the city proposes to spend in 2004. 2003 Total Actual Budget $1,899,469 Proposed 2004 Budget $2,002,000 Change from 2003 - 2004 5.3% TAXES: The property tax amounts below compare that portion of current budget levied in property taxes in the city of Centerville for 2003 with the property taxes the city proposes to collect in 2004. 2003 Property Taxes $1,480,623 Proposed 2004 Property Taxes $1,539,330 Change from 2003 - 2004 3.9% LOCAL TAX RATE COMPARISON: The following compares the city's current local tax rate, the city's tax rate for 2004 ifno tax levy increase is adopted, and the city's proposed tax rate for 2004. 2003 Tax Rate 59.363% 2004 Tax Rate if NO Levy Increase 51.8J4% 2004 Proposed Tax Rate 54.2J5% Attend the Public Hearing All Centerville City residents are invited to attend the public hearing of the city council to express their opinions on the budget and on the proposed amount of 2004 property taxes. The hearing will be held on: Monday, December t", at 6:30 p,m, Centerville City Hall 1880 Main Street Centerville If the discussion of the budget cannot be completed, a time and place for continuing the discussion will be announced at the hearing. You are also invited to scnd your written comments to: City of Centerville, Mayor 1880 Main Street, CenterviUe, MN 55038