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<br />Item No:7.C. <br />Meeting Date: September 8, 2008 <br />Type of Business: Council Business <br />City Administrator Review: ______ <br />City of Mounds View Staff Report <br /> <br /> <br /> <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 7329 Authorizing Certification of the Proposed <br />General Fund Budget and Property Tax Levy for Fiscal Year <br />2009 <br /> <br />State law requires that the City certify a proposed 2009 General Fund Budget and proposed <br />2009 property tax levy to Ramsey County by September 15, 2008. This was last discussed <br />at the September 2, 2008 work session. <br /> <br />The City Council had directed staff to use a preliminary total levy increase of 0%, which <br />includes all special levies. After working thru the state formula for the additional special levy <br />for police personnel costs and talking with the Department of Revenue there is no significant <br />benefit to this new special levy. It was the City Council’s desire to have no increase in the <br />levy over the previous year. The proposed levy (3,799,393) will be a slight decrease over <br />2008 (3,838,334) of $38,941 or a reduction of 1%. Once this amount is set, the levy can not <br />be increased. <br /> <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />___________________________ <br />Mark Beer <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />