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City of <br />Pequot <br />Lakes — _ <br />AGENDA ITEM #2 <br />REPORT TO <br />CITY COUNCIL <br />Report Prepared by: Sandy Peine <br />Date: November 19, 2013 <br />Sub_iect: Budget Review <br />Report: At the November Sth Council meeting the Council <br />voted to accept proposed reductions to the Preliminary Budget. <br />These reductions resulted in a preliminary levy of $1,501,418 <br />which is a 2.98% increase from the 2013 levy. <br />The Council requested a special meeting for November 19th to <br />discuss ways to further reduce the preliminary general fund <br />levy. <br />Council Action Requested: Council decision on the proposed <br />general fund tax levy to be presented at the December Stn <br />Council meeting. <br />