Laserfiche WebLink
BUDGET MEETING <br />November 22, 2011 <br />Issue: The City learned that the tax abatement levy will be applied to all taxpayers in <br />Pequot Lakes. This means that $28,526 will be added to the levy. <br />Options: <br />1. Cut department budgets <br />2. Go with current 2.15% levy increase <br />a. Will still reflect reduction in preliminary tax bills <br />3. Go back to .27% levy increase <br />a. Take $28,526 from cash balance <br />b. A one -time event, but then the issue arises next year <br />4. Go to a 0% levy increase <br />a. Take $32,526 from cash balance, but then the issues arises next year <br />Cash balance is at 33% plus levy sellement of approximately $750,000. <br />