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Budget Setting Process <br /> The Council sets priorities in late Spring <br /> Council sets gross spending targets based on <br /> needs and estimated revenues <br /> This is revised over several months of review <br /> Preliminary levy set in September <br /> Truth in Taxation Public Hearing Dec 8 <br /> Final levy set on December 16 <br /> Slide 3 Falcon Heights Truth in Taxation Public Hearing <br /> Budget setting in Falcon Heights is a several month process starting in <br /> late Spring. <br /> Page 3 <br />