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CC PACKET 08232022
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CC PACKET 08232022
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8/18/2022 1:10:21 PM
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<br /> <br />The 2023 Capital Improvement Program (CIP) levy is proposed to increase by $30,000. The <br />2023 Building Improvement, Infrastructure and Park Improvement lives are each proposed at a <br />$5,000 increase. These levy increases are consistent with the city’s long-term capital <br />improvement plans. <br /> <br /> <br />Upcoming Budget meetings <br /> <br />At the September 13, 2022 City Council meeting, Staff will present the preliminary 2023 <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 />At the October 11, 2022 Council work session, Staff will present the proposed 2023 updates to <br />the long-term capital budget plans. <br /> <br />At the October 25, 2022 Council work session, Staff will present the proposed 2023 utility rate <br />adjustments and budgets <br /> <br />At the October 25, 2022 City Council meeting, Staff will present the 2023 long term capital <br />budgets as revised. Requested City Council action will be for the approval of 2023 capital levies <br />and long-term plans. <br /> <br />The final presentation of the 2023 Budget and Property Tax Levy (Truth in Taxation) hearing is <br />scheduled for the December 13, 2022 Council Meeting. At the meeting, Staff will present a <br />recap of the final 2023 Budget and the 2023 Property Tax Levy’s impact on property tax bills. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />16
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