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WS — Item 10 <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 10 <br />Date: September 6, 2022 <br />To: City Council <br />From: Hannah Lynch, Finance Director <br />Re: 2023 Draft Budget & Tax Levy <br />Background <br />This is a continuation of the Special Budget Work Session held on August 8, 2022. <br />Please refer to that Meeting Packet for a detailed staff report and budget book. <br />The only update is to the 2023 Proposed Tax Capacity Rate (Page 3 of the Budget Book) <br />due to an updated Fiscal Disparity Distribution from Anoka County. An updated Page 3 <br />is attached along with an updated Residential Impact Calculator. <br />Requested Council Direction <br />Staff is prepared to discuss the draft budget and tax levy with the City Council during the <br />budget work session on Tuesday, September 6th <br />Budget work sessions may be scheduled at the discretion of the Council to achieve the <br />desired budget level for 2023. Council action is requested by the September 26th 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 />Attachments <br />2023 Draft Budget and Tax Levy — Updated Page 3 <br />Residential Impact Calculator <br />