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c��y of <br /> AGENDA ITEM #5.1 .A-D <br /> Pe uot <br /> q <br /> Lakes = - <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: December 5, 2017 <br /> Subiect: Budget/Levy Public Hearing <br /> Report: The purpose of the Public Hearing is to discuss and seek public <br /> comment on the City's proposed budgets and proposed property tax levies for <br /> 2018. It is important to note that the full tax impact to property owners includes <br /> the following. <br /> • The general revenue tax levy of$1,621,770. <br /> • The t� abatement levy of$16,015. <br /> • The total levy amount of$1,637,785. <br /> • The HRA levy of$38,250. <br /> A. Bud�et and Levy Presentation—I will have an overhead presentation <br /> on the budgets and levies. <br /> B. Public Hearin� on Bud�ets and Levies—The Council is required to <br /> allow citizens to speak on the proposed budgets and levies prior to the <br /> Council setting the final budgets and levies. <br /> C. Adoption of 2018 City Bud ets —The Council must adopt the final tax <br /> levy budgets, the special revenue budgets, the enterprise budgets, and <br /> the HRA budget before December 29�'. <br />