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Hugo City Council Meeting Minutes for 15, 2020, Midyear Budget Review <br />Page 2 of 2 <br /> <br /> <br />Wobse explained revenues were conservatively budgeted by leaving permit fee revenues <br />equivalent to 50 housing starts and eliminating investment earnings. Room rentals were also <br />budgeted conservatively. <br /> <br />She stated the proposed tax levy of $9,757,096 would not increase the tax rate. Fiscal disparities <br />distribution amounts had not been released but staff estimated it would increase 10.26%. Fiscal <br />disparities pay for almost 10% of the total tax levy. The median value home increased 6.83%, <br />and keeping the flat tax rate on that home would increase the tax by $84.80. <br /> <br />Council asked questions on funding for maintenance of buildings, audit of COVID dollar <br />expenditures, and the needs of the Sheriff’s Department and Fire Department. <br /> <br />Staff replied the building maintenance fund was created a while ago and had a healthy balance. <br />The first round of COVID dollars had been audited, and it was good. For the ARP funds, there <br />would be a workshop scheduled, and the City may want to allocate money for projects already in <br />motion. The money budgeted for the Sheriff’s Department was sufficient for 2022, but there may <br />be a need to add another deputy in 2023. The goal of the Fire Department was to create a staffing <br />plan and have a workshop with Council. There would likely be a 2023 budget item. <br /> <br />Council agreed to stay with a flat tax rate and directed staff to prepare a resolution certifying the <br />tax levy for approval at their September 20, 2021, Council meeting. <br /> <br /> <br />Adjournment <br /> <br />The meeting adjourned at 5:30 p.m. <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br /> <br />Michele Lindau <br />City Clerk <br /> <br /> <br />