Agenda Packets - 2001/05/07 - Laserfiche WebLink

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City of Mounds View Staff Report August 29, 2018 Page 2 hearings need to be held between November 29 And December 20. Cities can not select dates until such time as the County and School District have selected theirs to insure that there are not duplicate budget meetings on the same date. II. Proposed budget calendar. By September 15th, a preliminary budget and property tax levy will need to be approved. Since September 10th is a regularly scheduled City Council meeting, it is recommended to be done at this meeting. Staff will need guidance to complete a preliminary budget, including such items as a range of options for property tax levies, overall budget increase, salary adjustments for non-union employees, etc. For 2002, the state has not yet imposed levy limits; a 1% increase in the levy will raise an additional $20,980. Salary increases granted to employees covered by collective bargaining agreement is 4% for 2002. It is anticipated that medical insurance rates will increase 10 to 20%; rates for the May 2001 thru April 2002 will be known within the next several weeks. September 3rd is the Labor Day Holiday so there will not be the regularly scheduled work session on that date. Council will need to determine the number and timing of work sessions relating to arriving at a preliminary budget prior to a September 10th through 15th adoption. After the preliminary budget and levy is adopted, Council and staff can have additional meetings to discuss the 2002 budget. Historically, the City has conducted a public hearing on the budget prior to the required truth in taxation meeting. If the City continues with this tradition, it should be conducted at least two weeks prior to the required Truth in Taxation hearing. Opions for such a meeting could be November 5th or 19th. November 12th is a City holiday. The City has also historically included a condensed budget summary in Mounds View Matters prior this meeting. Due to the time required to prepare the information, send it to a printer, have the information printed and distributed, and allow residents at least several days to review prior to the meeting, the budget should be finalized for the public hearing by October 8th to 22nd, depending upon the subsequent dates selected. The required Truth In Taxation hearing has to be held between November 29th and December 20th. School Districts and the County have priority for setting the dates for their meetings, so there are several dates that are not available. Preliminary information indicates that we could hold our hearing on either December 3rd or 10th. If the 3rd was selected, we could then select a continuation hearing (if needed), and adoption hearing at the Council meeting on the 10th, otherwise, a special Council meeting would need to be held to adopt the budget and levy. The following is a proposed budget calendar. As we progress in the budget review process, additional dates can be added as needed. Proposed budget calendar