Laserfiche WebLink
Council Report — Budget <br />August 21, 2012 <br />------------------------------ <br />� <br />• 2012 — 2013 =$158,798 proposed preliminary levy <br />increase <br />Notes <br />1. The budgets reflect a 2.5% wage increase for all <br />employees. The decision regarding wage increases will be <br />determined by the City Council. Once this has been <br />determined, the Council will need to specify whether it is a <br />cost of living increase and/or a step increase. <br />2. We will not know how the levy totals will affect the <br />City's tax rates until early October. This information is <br />provided by the County. <br />� <br />Council Action Requested: Council direction regarding <br />amendments to the attached preliminary budgets. Staff will <br />then make the amendments and bring the budgets back to <br />the Council on September 4th for a final review prior to <br />setting the preliminary levy. The preliminary tax levy must <br />be set by September 15th. This number can be decreased <br />but not increased prior to setting the final levy in <br />December. <br />Please feel free to call or stop in if you have any questions <br />regarding the budgets or the budget process. <br />`.. <br />