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M QU:-:N-D S VVI -E-W <br />City of Mounds View Staff R <br />To: <br />From: <br />Item Title/Subject: <br />Item No: 9.A.1. <br />Meeting Date: December 11, 2017 <br />Type of Business: Council Business <br />Administrator Review: 14 <br />orf <br />Honorable Mayor and City Council <br />Mark Beer, Finance Director <br />Resolution 8871 Adopting the 2018 Property Tax Levy <br />Attached is Resolution 8871 adopting the 2018 property tax levy. The Truth -in -taxation meeting was held <br />on December 4, 2017 and the public was provided an opportunity to comment. The City Council has <br />proposed a final levy increase of 4.3% for the General Fund and the police officer referendum increase of <br />1.86%. The Street Improvement levy of $300,000 has been discontinued and a debt service levy for the <br />Public Works facility will be initiated at $415,034. The overall increase is 8.87% for all levies. <br />The City Council may adopt the tax levy on December 11th or schedule an additional meeting if <br />necessary to adopt it no later than December 26, 2017. <br />Staff recommends that the City Council adopt resolution 8871 adopting the 2018 property tax levy. <br />Respectfully submitted, <br />Mark Beer <br />