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<br />Item No: 7.G <br />Meeting Date: September 8, 2014 <br />Type of Business: Council Business <br />City Administrator Review: _____ <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 8297 Establishing Public Meeting Dates for the <br />Proposed General Fund Budget and Property Tax Levy for <br />Fiscal Year 2015 <br /> <br /> <br />The Truth in Taxation meeting is an opportunity for residents and businesses to comment on <br />the City’s property tax levy for the subsequent year. Cities are required to hold this meeting <br />and the public must be allowed to comment on the levy. <br /> <br />The City may hold a public meeting starting on November 24th. There are no longer dates <br />set aside for different entities so cities may select any date they wish. <br /> <br />Staff recommends that since the Mounds View City Council normally meets on Mondays, <br />that the initial Truth in Taxation meeting be held on Monday, December 1, 2014 at 6:00 pm <br />and that the continuation meeting, if needed, be held on Monday, December 8, 2014 at 7:00 <br />pm. The continuation meeting may be part of the regular City Council meeting on Monday, <br />December 8, 2014. <br /> <br />Final adoption of the budget and property tax levy for 2015 may happen at the regular City <br />Council meeting on Monday, December 8, 2014. <br /> <br />The attached resolution establishes December 1, 2014 and December 8, 2014 as the <br />dates for the Truth in Taxation meetings. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />___________________________ <br />Mark Beer <br /> <br /> <br /> <br /> <br /> <br />