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3. Subject: Levy Limits <br />k-eorm&rivateart: he=_tare tree Inip Iit3t Price Deflator. a <br />reuerei inaex the increasaa cost oT doing <br />DUFIrIE•E S, 3s the :r,oe:: used to de*ermine annual levy linat <br />incrFases rather" chain the current practice of a flat <br />percentage not tiro to any objective measurement. <br />Reenact the reverse referendum provision in order to <br />n31ow iocel vaLers Lice upportunity to determine IT Fne <br />one time only 10% increase in Vie levy base is appropriate. <br />Restore all special levy autharity eliminated in the 1988 <br />tax bil)(including Infrastructure Replacement, i.nareasea <br />insurance costs, lawful orders and forestry) and provide <br />new temporary or permanent special levies for federal and <br />state mandated activities such as comparable worth, Internal <br />Revenue Code section 89, and the change in election laws <br />resulting in the need to purchase new equipment. <br />(Consistent with LMC and AMM policies.) <br />4. Subject: Truth In Ta::ation <br />Recommendation: <br />a. Revise the August 15 deadline Tor budget adoption and _ <br />levy---tification or allow modifications to the budget <br />and 1^ , after August 15 ei,d before October 25. <br />b. Allow the hearing notice to be published in the official <br />newspaper rather than one printed daily and reduce the <br />notice size to something less than the required <br />one -quarter pane. <br />c. Allow for an upward modification in the proposed levy _ <br />(curently prohibited) after the public hearing in order <br />to allow for meaningful public input. <br />d. Allow for the recess or continuation of the public <br />heariny without additional notification. <br />(Consistent with LMC and AMM policies.) <br />5. Subject: Motor vehicle E::cise Tax <br />Recommendation: <br />a. Allow for the transfer of the Motor Vehicle Excise Tax <br />without the diversion of funds to non -highway and <br />transit programs. <br />b. Eliminate the requirement that local governmental units <br />pay Motor Vehicle E,:cise and sales tares on vehicle <br />purchases. <br />(Consistent with LMC and AMM policie<..) <br />6. Subject: Property Taxes <br />Recommendation: Due to the comple::ities of the new property <br />tax law and the fact that we have not seen the results of <br />its full implementation, staff doer- not propose the City <br />take a position on this issue. <br />