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   <br />  <br />  STAFF REPORT  <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Sam Magureanu, Finance Director <br />REVIEWED BY: Chris Heineman, City Administrator <br /> <br />DATE: September 14, 2022 <br /> <br />RE: 2023 Preliminary Levy <br /> <br />ACTIONS TO BE CONSIDERED: <br />The Council is asked to consider motions to approve the 2023 Preliminary Levy, set a date and time <br />for the Budget Hearing, and set the bonded debt tax levy at zero. <br /> <br />BACKGROUND: <br />The City of Little Canada is required to establish a preliminary levy by September 30th. The preliminary <br />levy may be decreased before the final adoption in December, but it may not be increased. <br /> <br />The preliminary levy was presented at City Council workshops on August 24th and September 14th. <br /> <br />2023 Proposed Levy: <br />The preliminary levy presented at the workshop on September 14th was as follows: <br />General  Fund $3,479,210 $3,869,208 $389,998 11.21% $3,884,944 $405,734 11.66% <br />Fire Equipment 160,000 160,000 $0 0.00% 160,000 $0 0.00% <br />Infrastructure  Fund 122,200 160,000 <br />$37,800 30.93%160,000 $37,800 30.93% <br />Total $3,761,410 $4,189,208 $427,798 11.37%$4,204,944 $443,534 11.79% <br />2023 Proposed Gross Levy Compared with 2022 <br />3.30% COLA 4.70% COLA2022  <br />Certified  <br />Levy 2023 Levy $ Change <br />Fund <br />% Change 2023 Levy $ Change % Change <br />  <br />  <br />Staff has contacted other municipalities in Ramsey County to determine their estimated preliminary levy <br />increase. The estimated average increase for these municipalities is 4.90% to 34.16%. The levy increases <br />may increase or decrease when the preliminary levies are approved by each municipality.