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AGENDA ITEM 5 <br />STAFF ORIGINATOR Randy Schumacher, City Administrator <br />DATE 20 October 1995 <br />TOPIC Clarification of Proposed Tax Levy - 1996 <br />BACKGROUND <br />On September 11, the Lino Lakes City Council approved a preliminary tax Levy <br />for City operations in 1996. Shortly thereafter, a local newspaper ran an article <br />explaining the impact of the proposed tax levy. The City received numerous phone <br />calls and letters indicating their interpretation of the article reflected significant tax <br />increases to their property. In reality, the proposed tax levy would have no tax <br />increases to property owners. Actually, new numbers from Anoka County indicate <br />a slight reduction. <br />The Centennial School District voiced concerns over the news article. The felt <br />an unclear message was being sent to residents, and this might negatively affect their <br />upcoming bond referendum. <br />OPT/ONS <br />................... <br />For Your Information <br />RECOMMENDATION <br />None <br />