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REQUEST FOR COUNCIL ACTION Date: 08/24/98 <br /> Item No.: H-2 <br /> Department Approval: Manager Reviewed Agenda Section <br /> _ s _ Hearings <br /> Item Description: 1999 Proposed Property Tax Levy, Budget, and Hearing Dates <br /> Bar,kilground <br /> The city staff under the direction of the Council} has prepared a proposed 1999 Annual Budget and <br /> property tax levy. <br /> In addition, the City Council trust establish the required dates for the taxation hearings. The <br /> recommended dates for the tax hearings would be the Public Hearing, Dgcember 14 19988, with a <br /> continuation hearing, if needed, would be scheduled for December-16. 1998. An adoption hearing <br /> would be scheduled for j2ecember 1 1998 or if the continuation hearing was needed on December <br /> 167 1998} the adoption could take place on Deomber 21 1998. <br /> PrQUosed Dates Summary <br /> Irkial Dearing Date December 1 1998 <br /> Continuation Date If needed) Degember 1998 <br /> Adoption Nearing December 1 6 1998 <br /> Adoption Nearing If Continuation <br /> Date is needed) December 1 199 <br /> Fisgal Spmacy <br /> The ro osed tax levy for 1 999 is$6,400,887 an increase of$125,076 or 1.9% as compared to 1998. <br /> p p <br /> The levy is based on a total proposed 1999 budget of$32,612,178, an increase of$162,168 or a .4% <br /> over 1998. <br /> COUNCIL ACTION RE UESTED <br /> Motion approving the proposed budget resolution for 1999 in amount of 3 25 61 1;178. <br /> Motion approving the proposed tax levy of$6,400,887 for 1999. <br /> Motion approving the proposed resolution for change in debt levy. <br /> Motion approving the proposed Truth-in-Taxation dates resolution. <br />