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CC PACKET 08272024
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CC PACKET 08272024
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9/6/2024 11:36:53 AM
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8/23/2024 <br />13 <br />NEXT STEPS <br />At the September 10, 2024 City Council meeting, Staff will present the preliminary 2025 <br />Budget and Property Tax Levy to the City Council for approval. At this meeting a resolution <br />will need to be passed certifying the preliminary levy to Hennepin and Ramsey Counties. <br />At the October 8, 2024 Council work session, Staff will present the proposed 2025 updates <br />to the long‐term capital budget plans. <br />At the October 22, 2024 Council work session, Staff will present the proposed 2025 utility <br />rate adjustments and budgets <br />At the October 22, 2024 City Council meeting, Staff will present the 2025 long term capital <br />budgets as revised. Requested City Council action will be the approval of 2025 capital levies <br />and long‐term plans. <br />The final presentation of the 2025 Budget and Property Tax Levy (Truth in Taxation) <br />hearing is scheduled for the December 10, 2024 Council Meeting. At the meeting, Staff will <br />present a recap of the final 2025 Budget and the 2025 Property Tax Levy’s impact on <br />property tax bills. <br />QUESTIONS?Call Finance Director: <br />Deborah Maloney <br />612‐782‐3316 <br />37
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