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AGENDA ITEM #4 <br /> City Of <br /> Pequott <br /> Lakes::::� <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: August 23, 2016 <br /> Subiect: 2017 Preliminary Budget Review <br /> Report: The Proposed 2017 Preliminary Budgets are <br /> attached. The Tax Levy Fund Budgets project a <br /> preliminary tax levy of$1,593,350. This represents a <br /> $39,998 increase or 2.57% from 2016. At the April 5, 2016 <br /> City Council Meeting, the consensus of the Council <br /> directed Staff to compile 2017 budgets with no more than a <br /> 3% increase. <br /> To give you perspective, past levy increases are listed <br /> below. <br /> • 2011-2012 = $12,526 levy increase <br /> • 2012-2013 = ($5,094) levy decrease <br /> • 2013-2014 = $1,941 levy increase <br /> • 2014-2015 = $25,720 levy increase <br />