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I REGULAR COUNCIL MEETING <br /> 0 DECEMBER 7 , 1992 <br /> PAGE 7 <br /> 4 <br /> 5 <br /> 6 Mayor Ranallo thanked all of the residents and property owners <br /> 7 for coming to the public hearing . <br /> 8 <br /> 9 The Mayor explained the budget process . He advised that the <br /> 10 process started in August . The City Manager meets with all of <br /> 11 the department heads individually . These employees present <br /> 12 their department budgets and a preliminary budget is drafted <br /> 13 for presentation to the Council . Each Councilmember also meets <br /> 14 individually with the City Manager to present their views , <br /> 15 comments , perspectives and possible changes to the budget . <br /> 16 <br /> 17 At the September 8th Council Meeting, a resolution was <br /> 18 considered which set the proposed 1993 tax levy . This <br /> 19 resolution was approved . <br /> 20 <br /> 21 On September 15th the city certifies the 1993 proposed levy to <br /> 22 the auditor . <br /> 23 <br /> 24 On October 13th an informational meeting was held where the <br /> 25 City Manager presented the budget to the City Council . This <br /> 26 meeting was a "Truth In Taxation" hearing which is required by <br /> law. <br /> -Residents and property owners were encouraged to attend this <br /> 30 hearing to state their comments , concerns or suggestions <br /> 31 regarding the proposed budget . The date of this hearing had <br /> 32 been published in the local newspapers and public input was <br /> 33 solicited . <br /> 34 <br /> 35 The Mayor advised that several changes were made to the <br /> 36 original draft of the levy and the third draft was presented <br /> 37 to the City Council at its November 2nd meeting. The changes <br /> 38 incorporated information presented by individual <br /> 39 councilmembers as well as that suggested by property owners at <br /> 40 the hearing on October 13th . <br /> 41 <br /> 42 Mayor Ranallo stated that a continued budget public hearing <br /> 43 could be held on December 14th if the budget resolution is not <br /> 44 approved at this meeting. The City Manager , observed that it <br /> 45 could be passed tonight if it is accepted as presented. <br /> 46 <br /> 47 The Mayor noted that there has been a two million dollar <br /> 48 decrease in the market value of property in St . Anthony . There <br /> 49 also has been a change by the Legislature in the classes for <br /> 50 tax rates of property . <br /> • <br />