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<br /> <br />The HRA Budget and Levy cost driver is substantially personnel and professional costs. <br />Therefore the proposed Levy increase for the HRA is 4.75% or $7,720. <br /> <br />The 2019 Debt Related Levies are proposed to increase by $75,143 over the 2018 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 6.38% increase in the overall Levy. <br /> <br />The 2019 Capital Improvement Program (CIP) and the 2019 Building Improvement Levies <br />are proposed to increase by $25,000 and $5,000 respectively. CIP and Building Improvement <br />levy increases agree to Long term capital plan, to maintain replacement schedule. <br /> <br /> <br /> <br />Upcoming Budget meetings <br /> <br />At the September 11, 2018 City Council meeting, Staff will present the preliminary 2019 <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 2019 Budget and Property Tax Levy is scheduled for the December <br />11, 2018 Council Meeting. At the meeting, Staff will present a recap of the 2019 Budget and the <br />impact of the 2019 Property Tax Levy. <br /> <br /> <br /> <br /> <br /> <br />13