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City of <br />�- <br />Pequott <br />Lakes — <br />AGENDA ITEM #6.5.B <br />REPORT TO <br />CITY COUNCIL <br />Date: September 7, 2010 <br />Subject: Preliminary General Fund Levy and HRA Levy <br />Report: The Council will be asked to set the preliminary <br />general fund levy and the HRA levy. <br />The preliminary levy should be set based on the budget <br />information that the Council has reviewed. Remember that <br />the preliminary levy cannot be increased but it can be <br />reduced prior to setting the final levy. <br />The preliminary levy must be set by September 15, 2010. <br />Council Action Requested: <br />1. Council motion setting the preliminary general fund <br />tax levy for 2011. <br />2. Council motion setting the preliminary HRA levy at <br />$31,000. <br />