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AGENDA ITEM #5.2.A-D <br /> City of <br /> Pe uot <br /> q <br /> Lakes = -- <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Angie Duus & Nancy Malecha <br /> Date: December 3, 2019 <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 /> 2020. It is important to note that the full tax impact to property owners includes <br /> the following. <br /> • The general revenue tax levy of$1,789,860. <br /> • The tax abatement levy of$18,693. <br /> • The total levy amount of$1,808,553. <br /> • The HRA levy of$38,250. <br /> A. Bud�et and Levy Presentation — We will have an overhead <br /> presentation 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 2020 City Bud�— The Council must adopt the final tax <br /> levy budgets, the special revenue budgets, the enterprise budgets, and <br /> the HRA budget before December 30tn <br /> D. Consider Tax Levy Resolutions - The City must certify final property <br /> tax levies to the County Auditor by December 30t'' <br />