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Staff Proposal <br /> I am proposing to delete the $25,000 council contingency <br /> line item from the 2008 budget. I am also proposing that <br /> any remaining council contingency funds in 2007 be <br /> designated for use by the council in 2008. If the Council <br /> concurs with this proposal, the tax levy would be lowered <br /> to $1,458,000 which would reflect a 6.72% increase from <br /> the 2007 levy. (see attached sheet showing affect of <br /> lowering the tax rate). <br /> Council Action Requested: Council motion concurring <br /> with the above proposal regarding the tax levy. <br />