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<br />Item No: 8.A.1. <br />Meeting Date: December 10, 2018 <br />Type of Business: Council Business <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: Resolution 9047 Adopting the 2019 Property Tax Levy <br /> <br /> <br /> <br />Attached is Resolution 9047 adopting the 2019 property tax levy. The Truth-in-taxation meeting was held <br />on December 3, 2018 and the public was provided an opportunity to comment. The City Council has <br />proposed a final levy increase of 4.4% for the General Fund and the police officer referendums increased <br />by 0.30%. A Street Improvement levy of $150,000 has been reestablished and debt service requires a <br />levy increase of 1.40%. The overall increase is 9.12% for all levies. <br /> <br />The City Council may adopt the tax levy on December 10th or schedule an additional meeting if <br />necessary to adopt it no later than December 28, 2018. <br /> <br />Staff recommends that the City Council adopt resolution 9047 adopting the 2019 property tax levy. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />________________________ <br />Mark Beer <br />