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AGENDA ITEM #10.4 <br /> City of <br /> Pequot <br /> Lakes= - <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: Apri12, 2019 <br /> Subiect: 2020 Preliminary Budget Discussion <br /> Report: The 2020 Preliminary Budget process will begin in May and I am <br /> requesting Council direction before we begin compiling these budgets. The <br /> direction would relate to projects, budgets, levy changes, tax rate changes, etc. <br /> Attached is the City's current Capital Improvement Plan to facilitate in this <br /> discussion. <br /> The following is a five year history of levies, net t� capacities, and t� rates. <br /> Yeaz Preliminazy Levy Final Lew Net Tax Capacitv Tax Rate <br /> 2019 $1,726,865 $1,699,185 $2,961,059 57.384% <br /> 2018 $1,693,065 $1,637,785 $2,866,273 57.140% <br /> 2017 $1,597,230 $1,597,230 $2,823,123 56.577% <br /> 2016 $1,666,772 $1,553,352 $2,719,522 57.119% <br /> 2015 $1,642,903 $1,514,093 $2,652,682 63.036% GSD <br /> 52.804% RSD <br /> (Final Levy=Net Ta.x Capacity= Tax Rate) <br /> Council Action Requested: Council directive on 2020 Preliminary Budgets. <br />