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REQUEST FOR COUNCIL ACTION <br />Date: I 1/ 17/2003 <br />Item No: IT1.13. <br />Department Approval: Manager Approved: Agenda Section: <br />cw"o <br />Item Description: Discussion on the 2004 Budget and Tax Levy <br />Presentations <br />Introductt ion <br />At the October 13, 2003 Council Meeting, the Council directed Staff to prepare a summary of the <br />various budget reductions forwarded by Council Members and to establish November 17, 2003 <br />as a date to review the compiled materials. The Council also established a public hearing for <br />November 17, 2003 to allow for public comment. <br />A memo from Staff providing the requested information was submitted to the Council on <br />October 27, 2003. A copy of the memo is attached.. <br />The Council is reminded that an agenda item is scheduled for the November 24, 2003, where the <br />Council is being asked to finalize the 2004 Budget. The Truth-in-Taxation Hearing is scheduled <br />for Dccember 8, 2003, and will be followed by a meeting on December 15t ", where the 2004 <br />Budget is formally approved. <br />Attachments <br />E3 Attachment A Memo from Staff, dated October 27, 2003 regarding reductions in the <br />2004 Proposed Budget <br />Council Action Requested <br />Provide further direction on the 2004 Budget in preparation for the December 8, 2003 Truth-in- <br />Taxation Hearing. <br />