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<br />Item No: 4 <br />Meeting Date: December 5, 2016 <br />Type of Business: Work Session <br />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: 2017 Draft Municipal Budget <br /> <br /> <br />Attached is the 2017 Draft Municipal Budget. The City Council has reviewed various <br />portions of the municipal budget throughout the summer and fall and this is one last <br />opportunity before considering final approval at the December 12, 2016 City Council <br />meeting. <br /> <br />The City Council adopted a preliminary 3.4% City levy increase, a 2.28% HRA levy <br />increase, and a 1.37% EDA levy increase for 2017 back in September. The General <br />Fund levy can be reduced to an increase of 1.71% from 3.4%. The EDA/HRA levies can <br />be reduced to an increase of 2.28%. The total overall increase is 3.99% for the combined <br />levies. Staff welcomes any comments or questions. <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Mark Beer