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AGENDA ITEM #3.5 <br /> city of <br /> Pequot <br /> Lakes = <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: August 20, 2019 <br /> Subiect: Tax Rate Calculation Formula <br /> ReAort: In an effort to provide a visionary tool on how the City's tax rate is <br /> determined, attached is a cycle graphic explaining this calculation formula. As you <br /> can see, there are several factors used in determining the City's tax rate with <br /> information coming from the State, County, and City. I will review this graphic at <br /> the meeting and address any inquiries the Council may have. <br /> Council Action Requested: Council inquiries and discussion regarding the tax <br /> rate calculation formula. <br />