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r City of Centerville Notice of Proposed DEe j 6 1.'UQ2 Total Budget and Property Taxes The Centerville 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 2003. SPENDING: The total budget amounts below compare the City's 2002 total actual budget with the amount the City proposes to spend in 2003. 2002 Property Taxes $1,797,613 Proposed 2003 Budget $1,899,469 Change from 2002 - 2003 5.70% TAXES: The property tax amounts below compare that portion of the current budget levied in property taxes in the City of Centerville for 2002 with the property taxes the City proposes to collect in 2003. 2002 Property Taxes $1,480,623 Proposed 2003 Property Taxes $1,480,623 Change from 2002 - 2003 0% LOCAL TAX RATE COMPARISON: The following compares the City's cur- rent local tax rate, the City's tax rate for 2003 if no tax levy increase is adopt- ed, and the City's proposed tax rate for 2003. 2002 Tax Rate 69.466% 2003 Tax Rate If NO Levy Increase 59.142% 2003 Proposed Tax Rate 59.338% 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 2003 property taxes. The hearing will be held on: Monday, December 9. at 6:30 p.m. Centerville City Hall 1880 Main Street Centerville, MN 55038 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 send your written comments to: City of Centerville, Mayor's Office, 1880 Main Street Centerville, MN 55038 1_- <j , J