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A. AGENDA ITEM #10.1 .B <br /> City of <br /> Pequot <br /> Lakes—_—_-_—_ <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: April 4, 2017 <br /> Subject: 2018 Preliminary Budget Discussion — Council <br /> Directive <br /> Report: The 2018 Preliminary Budget process will begin <br /> in May and I am requesting Council direction before <br /> departments begin compiling these budgets. The direction <br /> would relate to budget increases, decreases, projects, etc. <br /> The following is a five year history of preliminary and final <br /> levy increases/decreases. <br /> Year Preliminary Budget Final Budget <br /> 2017 2.82% increase - $43,878 2.82% increase - $43,878 <br /> 2016 10.08% increase - $152,679 2.59% increase - $39,259 <br /> 2015 10.38% increase - $154,530 1.73% increase - $25,720 <br /> 2014 8.91% increase - $132,391 0.13% increase - $1,941 <br /> 2013 6.72% increase - $100,268 (0.34%) decrease - ($5,094) <br /> Council Action Requested: Council directive on 2018 <br /> Preliminary Budgets. <br />