Laserfiche WebLink
City of <br />�. <br />Pequott <br />Lakes.-- <br />REPORT TO <br />ITEM #5.3 <br />CITY COUNCIL <br />Date: November 1, 2011 <br />Subs 2012 Budget and Levy <br />Report: At the September Council meeting, the Council <br />set the preliminary general fund levy at $1,573,056 (5.98% <br />increase from the 2011 levy), with the understanding that <br />this number would be reduced prior to setting the final <br />general fund levy. The Council then appointed a committee <br />to reduce the preliminary budget. At the October Council <br />meeting the committee reported budget changes to the <br />Council that reduced the levy to $1,518,000 (2.57% <br />increase from the 2011 levy). <br />Following the October meeting the Mayor met with <br />Council Member Sjoblad to consider further budget <br />reductions. The Mayor and Council Member Sjoblad have <br />made further budget modifications resulting in a further <br />reduced levy of $1,483,000 (.27% increase from the 2011 <br />levy). These changes are indicated on the attached table <br />submitted by Nancy Malecha. <br />