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cr�y of <br /> AGENDA ITEM #5.3 <br /> Pequot <br /> La,kes = <br /> REPORT TU <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: September 5, 2017 <br /> Subiect: 2018 Preliminary Levy <br /> Report: Attached are the 2018 preliminary budgets and <br /> levies. The preliminary levies are as follows. <br /> • General Revenue Tax Levy - $1,677,050 ($95,227 increase — <br /> 6.02%) <br /> • Tax Abatement Levy - $16,015 ($608 increase — 3.95%) <br /> • HRA Special Levy - $38,250 (no change — 0%) <br /> At the August 15�' Special City Council Meeting, the Council <br /> moved to accept the 2018 preliminary budget with the <br /> additional cost for health insurance premiums which is <br /> reflected above. <br /> If the Council wishes to reduce the preliminary General <br /> Revenue Ta.x Levy, I am requesting direction to accomplish <br /> this. The deadline for setting the preliminary levy is <br />