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2020_0921_CCPacket
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2020_0921_CCPacket
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1/10/2022 1:59:47 PM
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Roseville City Council
Document Type
Council Agenda/Packets
Meeting Date
9/21/2020
Meeting Type
Regular
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REQUEST FOR COUNCIL ACTION <br /> Date:September 21, 2020 <br /> Item No.: 7.b <br />Department Approval City Manager Approval <br /> <br />Item Description: Adopt a Preliminary 2021 Tax Levy and Budget <br /> <br />1 B ACKGROUND <br />2 At the April 13, 2020 City Council meeting, the Council established a general timeline for the 2021 <br />3 budget process including the following key dates: <br />4 <br />2021 Budget Process TimelineDate <br />Discussion on Preliminary Cash Reserve Levels <br />3/23/2020 <br />Establish 2021 Budget Process Calendar4/13/2020 <br />Review General Budget & Legislative Impacts, Tax Base Changes7/20/2020 <br />Presentation of the 2021-2040 Capital Improvement Plan7/20/2020 <br />Discussion on City Council Budgetary Goals7/20/2020 <br />EDA Budget & Tax Levy Discussion7/20/2020 <br />Receive the 2021 City Manager Recommended Budget8/10/2020 <br />Receive Budget Recommendations from the Finance Commission9/14/2020 <br />Adopt Preliminary 2021 Budget, Tax Levy, & EDA Levy9/21/2020 <br />Review 2021 Proposed Utility Rates11/9/2020 <br />Review 2021 Fee Schedule11/9/2020 <br />Final Budget Hearing (Truth-in-Taxation Hearing)11/23/2020 <br />Adopt Final 2021 EDA Tax Levy12/7/2020 <br />Adopt Final 2021 Budget, Tax Levy, Utility Rates, & Fee Schedule12/7/2020 <br />5 <br />6 <br />7 <br />8 The next step in the 2021 Budget Process is to adopt a preliminary 2021 Tax Levy and Budget. <br />9 <br />10 State Statute requires all cities in excess of 2,500 in population, to adopt a preliminary tax levy by <br />11 September 30th for the upcoming fiscal year. Once the preliminary levy is adopted it can be lowered, but <br />12 not increased. Accompanying the preliminary tax levy, the City has also historically adopted a <br />13 preliminary Budget which establishes the need for a tax levy. <br />14 <br />15 The adoption of a preliminary tax levy and budget does not preclude further review. As noted in the table <br />16 above, additional budget-related discussions will be held later this year leading up to the adoption of the <br />17 final 2021 Tax Levy and Budget tentatively scheduled for December 7, 2020. <br />18 <br />Page 1 of 4 <br /> <br />
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