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AGENDA ITEM 4B <br />STAFF ORIGINATOR Al Rolek <br />DATE September 6, 2000 <br />TOPIC Consideration of adopting the proposed 2000 Tax Levy, collectable <br />in 2001. <br />Simple Majority <br />VOTE REQUIRED <br />BACKGROUND <br />Truth in Taxation requires the City of Lino Lakes to adopt and certify a proposed 2000 tax levy, <br />collectable in 2001 on or before September 15th of each year. <br />The proposed levy may be decreased when the final levy is adopted in December. The final levy <br />can not be more than the proposed levy. <br />The total levy includes dollars for the general operating budget as well as dollars for general <br />bonded debt. <br />The levy will be further reviewed by the City Council and staff between September 15th and <br />November 19`h, for changes if necessary. <br />OPTIONS <br />1. Adopt the proposed 2000 tax levy, collectable in 2001. <br />RECOMMENDATION <br />Option 1 <br />