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Mounds View City Council December 1, 2008 <br />Truth-in-Taxation Meeting Page 2 <br />Finance Director Beer noted that the projected State budget deficit could impact the City's <br />budget in that local government aid may be cut for 2009. <br />Gary Shores of 5079 Eastwood Road said that he understands there will not be any increase on <br />the $100 per year for streets. He then asked if the City is going to work on the streets or wait <br />until it is in the levy. <br />Finance Director Beer indicated that the project is planned for 2009 and Council will be acting to <br />authorize plans and specifications at the December 22, 2008 meeting. <br />Jim Baffin of Laport Drive asked about the assessed value of property because the value dropped <br />approximately 5% but he has heard that the actual decrease is 15 to 20%. He then asked if the <br />City has any input on valuation or if the County makes the determination. <br />Council explained that the County does set the valuation. <br />Finance Director Beer indicated that this hearing could be continued to December 8, 2008, if <br />needed. There will also be a public hearing at the next City Council meeting if there are any <br />residents who wish to speak on the budget or levy. <br />• Council Member Mueller noted that she had arrived at 6:07 p.m. <br />6. Next Council Work Session: Monday, December 1, 2008, at 7:00 p.m. <br />Truth-in-Taxation Hearing: Monday, December 8, 2008 at 7:00 p.m. <br />7. ADJOURNMENT <br />The meeting was adjourned at 6:32 p.m. <br />Transcribed by: <br />Joan Lenzmeier, Recording Clerk <br />Timesaver Off Site Secretarial, Inc. <br />J <br />