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Council Report — Budget <br />August 9, 2011 <br />--------------------------- - - - - -- <br />Beginning in 2012, an additional tax abatement levy of <br />$28,526 is also included for the SuperValu Grocery Store <br />project. <br />Notes <br />1. The budgets reflect a 1.25% wage increase for all <br />employees. Per the union agreement, union employees will <br />receive a 1/2 step increase in 2012 (1.25 %). Also included <br />are wage increases for employees whose job points <br />changed per the 8 -2 -11 council meeting. The decision <br />regarding non -union employees wage increases will be <br />determined by the City Council. Once this has been <br />determined, the Council will need to specify whether it is a <br />cost of living increase and/or a step increase. <br />2. We will not know how the levy totals will affect the <br />City's tax rates until mid to late September. This <br />information is provided by the County. <br />Council Action Requested: Council direction regarding <br />amendments to the attached budgets. Staff will then make <br />the amendments and bring the budgets back to the Council <br />on September 6th for a final review prior to setting the <br />preliminary levy. The preliminary tax levy must be set by <br />September 15. This number can be decreased but not <br />increased prior to setting the final levy. <br />