Laserfiche WebLink
In early November, the impact of the proposed tax levy and budget is published and <br />"Proposed Property Tax Statements" are mailed to property owners. Because this <br />year's levy is $47,771 under the maximum levy increase allowed by the Minnesota <br />Department of Revenue, the City is exempt from holding a Truth -in -Taxation Meeting. <br />Staff presented the proposed 2008 tax levy and budget at the December 11, 2007, <br />regular Council meeting. At that meeting, the City Council adopted the 2008 property <br />tax levy and operating budget. <br />The City's property tax levy was certified to the Counties who collect the property taxes <br />on behalf of the City, County, School District voter approved levies and other Taxing <br />Districts. <br />During the fiscal year, individual line items may be overspent with the understanding that <br />the total operating budget is not overspent. City Staff may request recommended <br />changes in their activity budget to the City Manager who then submits the request to the <br />City Council which in turn can approve or disapprove the amendment. If Council <br />approves an activity to be overspent, the property tax levy may not be amended to fund <br />the appropriation. <br />Respectfully submitted, <br />Woaer Carson <br />Roger Larson <br />Finance Director <br />