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WS – Item 6 <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 6 <br />Date: December 5, 2022 <br />To: City Council <br />From: Hannah Lynch, Finance Director <br />Re: 2023 Budget & Tax Levy <br />Background <br />The Preliminary 2023 Budget & Tax Levy was adopted by Council on September 26th. <br />The total preliminary levy was $12,967,057, a 9.71% increase from 2022, resulting in a <br />35.157% tax rate. That tax rate was represented on Anoka County Proposed 2023 Tax <br />Statements mailed out to property owners last week. <br />The total proposed final levy is $12,893,915, a 9.09% increase from 2022, resulting in an <br />anticipated tax rate of 34.935%. The $73,142 decrease in the proposed final levy from <br />the preliminary is a result of updated personnel wages & benefits. <br />The Council has met on the Proposed 2023 Budget & Tax Levy four times prior to this <br />evening. The budgets discussed at each of those meetings are summarized on page 2 of <br />the attached budget document. <br />Requested Council Direction <br />Attached is the Proposed Final 2023 Budget & Tax Levy anticipated to be adopted <br />following the public hearing on Monday, December 12th. <br />Attachments <br />Proposed Final 2023 Budget & Tax Levy