Laserfiche WebLink
City of <br />Pe uot <br />q <br />Lakes - <br />AGENDA ITEM #5.3 A-D <br />REPORT TO <br />CITY COUNCIL <br />Report Prepared by: Nancy Malecha <br />Date• <br />Subiect: <br />December 3, 2013 <br />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 />2014. <br />Background information: <br />September 3, 2013 - The City Council set a preliminary general revenue tax <br />levy of $1,587,868 and a tax abatement levy of $30,955. <br />October 1, 2013 - The Council reviewed a list of budget changes to the tax <br />levy funds. The recommended changes resulted in a general revenue tax levy <br />of $1,519,518. <br />November S, 2013 — The Council reviewed a list of budget changes to the <br />tax levy funds. The recommended changes resulted in a general revenue tax <br />levy of $1,501,418. <br />Novembe� 19, 2013 — The Council reduced the R&S capital outlay budget by <br />$40,000. This resulted in a general revenue tax levy of $1,461,418. <br />It is important to note that the full tax impact to property owners includes the <br />general revenue tax levy of $1,461,418 plus the tax abatement levy of <br />