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<br />Item No: 7.E <br />Meeting Date: August 27, 2012 <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 7983 Establishing Public Hearing Dates for the <br />Proposed General Fund Budget and Property Tax Levy for <br />Fiscal Year 2013 <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 State has reserved Monday, December 3, 2012 and Monday, December 10, 2012 for <br />use by cities. Cities may select other days if they wish, but then must work around dates <br />selected by counties, school districts, and special districts that were given priority for those <br />dates by the State. <br /> <br />Staff recommends that since the Mounds View City Council normally meets on Mondays, <br />that the initial Truth in Taxation hearing be held on Monday, December 3, 2012 and that the <br />continuation hearing, if needed, be held on Monday, December 10, 2012. The continuation <br />hearing may be part of the regular City Council meeting on Monday, December 10, 2012. <br /> <br />Final adoption of the a budget and property tax levy for 2013 may happen at the regular City <br />Council meeting on Monday, December 10, 2012. <br /> <br />The attached resolution establishes December 3, 2012 and December 10, 2012 as the <br />dates for the Truth in Taxation hearings. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />___________________________ <br />Mark Beer <br /> <br /> <br /> <br /> <br /> <br />