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AGENDA ITEM #5.2. A-D <br /> City of <br /> Pequot <br /> Lakes — <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: December 6, 2016 <br /> Subject: Budget/Levy—Public Hearing <br /> Report: The purpose of the Public Hearing is to discuss and seek public <br /> comment on the City's proposed budgets and proposed property tax levies for <br /> 2017. It is important to note that the full tax impact to property owners includes <br /> the following. <br /> • The general revenue tax levy of$1,581,823. <br /> • The tax abatement levy of$15,407. <br /> • The total levy amount of$1,597,230. <br /> • The HRA levy of$38,250. <br /> A. Budget and Levy Presentation—I will have an overhead presentation <br /> on the budgets and levies. <br /> B. Public Hearing on Budgets and Levies—The Council is required to <br /> allow citizens to speak on the proposed budgets and levies prior to the <br /> Council setting the final budgets and levies. <br /> C. Adoption of 2017 City Budgets—The Council must adopt the final tax <br /> levy budgets, the special revenue budgets, the enterprise budgets, and <br /> the BRA budget before December 28th. <br />