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• <br />AGENDA ITEM 2B <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE December 15, 2008 <br />TOPIC Consideration of adopting Resolution 08 -146 adopting the final <br />2009 General Fund Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />Simple Majority <br />State Statutes require the City of Lino Lakes to adopt and certify a final 2009 General Fund <br />operating budget on or before December 29. <br />A Truth in Taxation public hearing was held on the budget on December 8. A summary of the <br />proposed budget and tax levy was presented and discussed during the public hearing and public <br />testimony was received. <br />The final 2009 budget represents a 1.58% increase from the 2008 budget. The City experienced <br />growth in the tax base of 4.34% over the same period. The City's levy for 2009 will increase by <br />4.26 %. The budget provides resources for Council priorities, personnel cost adjustments, capital <br />outlay and equipment replacement, street and storm drainage maintenance and repair and a <br />contingency for unforeseen circumstances. <br />The City Council needs to take final action on the budget at this time. Staff recommendation is to <br />adopt Resolution 08 -146 approving the final 2009 General Fund Operating Budget. <br />1. Adopt Resolution 08 -146. <br />2. Refer to Staff for further review. <br />3. Deny Resolution 08 -146. <br />'DATION' <br />Option 1 <br />