CC WORKSESSION 08032009 - Laserfiche WebLink

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MEMORANDUM DATE: July 16, 2009 TO: City Council FROM: Mike Morrison, City Manager Roger Larson, Finance Director ITEM: TRUTH IN TAXATION SUMMARY The 2009 State Legislature made changes to the truth-in- taxation requirements, essentially changing the requirements of publishing notices, public hearings, and TNT meetings. A summary of how the new requirements affect St. Anthony is as follows: ✓ Approve a preliminary levy certified to County Auditor on or before September 15, 2009. o Approve by resolution setting the 2010 preliminary budget and tax levy on September 8th, at the regular Council Meeting. • Announce the date and time of the regularly scheduled meeting at which a final budget and levy will be discussed (must be published as part of the minutes). • Meeting cannot be before Tuesday, November 24, 2009 or after December 18, 2009 and held on or after 6 p.m. • Scheduled for December 8, 2009. o December 8, 2009, Regular Council Meeting. Presentation of the final budget and property tax levy. • Information about the December 8, 2009, budget and tax levy meeting will be on the proposed property tax statements sent by the County Auditor in mid - November (date, time and place of meeting). • No publication is required (other than it must be published as part of the September 8h minutes). • Public is allowed to speak at this meeting (No Public Hearing is required). ✓ Adoption of Final Budeet and Tax Levv December 8, 2009, adopt the final 2010 budget and tax levy by resolution. ✓ Certify final tax levy to the County Auditor by December 28, 2009.