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515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 4538 <br />September 8, 1995 <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Joel R. Hanson, City Administrator <br />RE: 1996 Preliminary Levy <br />MAYOR <br />Michael 1. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />At the September 7th budget workshop, a 1996 preliminary levy <br />amount of $1,230,023 was presented. This amount would increase <br />the net levy by 4.59 %. <br />At that same workshop, the Council discussed decreasing the <br />preliminary net levy amount so that the increase would be in the <br />3.0% to 3.5% range. In order to achieve a 3.5% increase, cuts in <br />the amount of $13,400 would have to be made. $19,500 in cuts are <br />needed to reach a 3.0% net levy increase. In reviewing the <br />information presented, the Council made cuts of approximately <br />$8,200 thus far. <br />I will continue to review the proposed budget document to <br />determine if there are additional expenditures which can be <br />reduced or revenues which can be increased. I will have a <br />recommendation for the Council's consideration at Wednesday's <br />meeting. <br />Page 132 <br />