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~-~ ~ ~! <br />squeal for Aeli®n <br />Date: 0~-21-07 <br />Item l~To: ~.a. <br />Director Approval: <br />CB <br />Agenda Section: <br />Action Its <br />Description: Z00~ Preli. 'nary Budget and Levy Request (I3F 0051) <br />1.0 Requested Action: <br />1. l Discuss proposed 2008 budget options and tax levy request for 2008 to support the HRA <br />goals, Imagine Roseville 2025 recommendations and existing programs. <br />1.2 After discussion: <br />® By motion, adopt a preliminary 2008 Budget (with HRA member changes) for levy fund <br />723. <br />® By resolution (attached), request an HRA Tax Levy for 2008 to be forwarded to the City <br />Council as part of the budget and truth in taxation hearings. <br />2.0 Budget Process: <br />2.1 Per State Statute 469.033, subdivision 6, the HRA must each year formulate and file a <br />budget in accordance with the budget procedure of the City in the same manner as <br />required of executive departments of the City. H]l~A Chair and member Maschka <br />discussed ~[RA budget issues and goals at a public meeting by the City Council on <br />August 20. <br />2.2 To request an HRA. levy, the HRA must adopt a resolution and budget and present it to <br />the City Council. The levy request, with Council support, will then be included within <br />the City budget and levy request that is submitted to the County in September. The City <br />Council holds hearings on all elements of the budget including any proposed HRA levy <br />prior to final levy approval in December. <br />2.3 The City Council will set the preliminary budget and maximum levy for 2008 at its <br />September 10 regularly scheduled meeting. The deadline for the City to submit the <br />maximum levy for all programs (including the HRA) to Ramsey County and the <br />Department of Revenue is September 15, 2007 for taxes payable 2008. The maximum <br />levy submitted to the County and State can be reduced prior to the truth. in taxation <br />hearing but it can not be increasede <br />2.4 ®ctober, l~Tovember, December- Refinement of budget and final recommended budget and <br />levy request. Hold a final budget public hearing to gain public comment on programs and <br />HRA Budget Adoptions_2008 -Page 1 of 4 <br />