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<br />WS – Item 1 <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 1 <br /> <br /> <br />Date: August 23, 2021 <br /> <br />To: City Council <br /> <br />From: Hannah Lynch, Finance Director <br /> <br />Re: 2022 Draft Budget and Tax Levy <br /> <br /> <br />Background <br /> <br />A high-level overview of the 2022 Budget and Tax Levy was provided at the July 26th <br />Budget Work Session. Following that discussion, the first draft of the 2022 Budget and <br />Tax Levy was reviewed at the August 9th Budget Work Session. <br /> <br />The August 23rd Proposed 2022 Budget and Tax Levy is still consistent with what was <br />presented on August 9th, as shown on page 2 of the 2022 Annual Budget document. The <br />only update was to the estimated tax rate, which is currently 42.388%, down from <br />42.620%. This decrease is a result of preliminary estimates from Anoka County of the <br />TIF captured value and fiscal disparities distribution, which were previously city <br />estimates. <br /> <br />Additional information requested on August 9th was compiled by Staff and is attached for <br />your review. <br /> <br />Requested Council Direction <br /> <br />Staff is prepared to discuss the draft budget and tax levy with the City Council during the <br />budget work session on Monday, August 23rd. <br /> <br />Budget work sessions may be scheduled at the discretion of the Council to achieve the <br />desired budget level for 2022. Council action is requested by the September 27th meeting <br />in order to set the preliminary tax levy and to schedule a public hearing date in December <br />on the budget and tax levy. The preliminary levy set at the September meeting may not <br />be increased thereafter, but may be lowered before approving the final budget and levy in <br />December. <br /> <br />Attachments <br /> <br />2022 Annual Budget – August 23rd <br />Computer Replacement Memo <br />Car Wash Detail and Large Fleet Washes Memo <br />Vehicle #617 Memo