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AGENDA ITEM #5.1 A-D <br /> City of <br /> Pe not <br /> Lakes = <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: December 1, 2015 <br /> Subject: 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 /> 2016. It is important to note that the full tax impact to property owners includes <br /> the following. <br /> • The general revenue tax levy of$1,535,825 (scenario 1) or $1,564,595 <br /> (scenario 2). <br /> • The tax abatement levy of$17,527. <br /> • The total levy amount of$1,553,352 (scenario 1) or $1,582,122 (scenario <br /> 2). <br /> • The HRA levy of$38,250. <br /> A. Budget and Levy Presentation —Nancy Malecha will have an <br /> overhead presentation on the budgets and levies. <br /> B. Public Hearing on Budgets 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 />