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status of fund balance at year-end. Fund transfers or inter-fund loans may be proposed if <br />needed to maintain minimum fund balance. <br /> <br /> <br />The HRA Budget and Levy cost driver is substantially personnel costs. Therefore the proposed <br />Levy increase for the HRA is 3.00% or $4,734. <br /> <br />The 2018 Debt Related Levies are proposed to decrease by $7,549 over the 2017 combined <br />levies. A debt levy reduction program (Peak to Plateau) began in 2014 to stabilize the annual <br />increase in levies created by the annual street reconstruction plan. Without the use of resources <br />committed to this program the impact of 2018 street bonds issued along with existing debt <br />service requirements would have required an additional 6.98% increase in the overall Levy <br /> <br /> <br /> <br />Upcoming Budget meetings <br /> <br />At the September 12, 2017 City Council meeting, Staff will present the preliminary 2018 <br />Budget and Property Tax Levy to the City Council for approval. At this meeting a resolution will <br />need to be passed certifying the preliminary levy to Hennepin and Ramsey Counties. <br /> <br />The final presentation of the 2018 Budget and Property Tax Levy is scheduled for the December <br />12, 2017 Council Meeting. At the meeting, Staff will present a recap of the 2018 Budget and the <br />impact of the 2018 Property Tax Levy. <br /> <br /> <br /> <br /> <br /> <br />115