Continued Discussion of 2021 Budget/Levy

At the July 14, 2020 budget worksession the council was presented with the 2021 General Fund budget and its effect on the tax levy.  This was the first look at the budget which included all department requests.  At this worksession, it was requested to take a look at the COLA and to reduce the levy to a six percent increase over 2020. 

At the August 10, 2020 budget worksession, the July 14 worksession requests were presented and a preliminary review of the 2021 personnel requests began.

The direction at the worksession of August 25, 2020 was for staff to bring back a proposed 2021 tax levy increase of 5%.  This represented a reduction of approximately $91,000 from what was presented at the August 10 worksession. 

Staff has reduced the levy in the amount of $91,613 of which all reductions from the first worksession of July 14, 2020 are documented in the attachment entitled Levy Changes since 7-14-20.

The following items are attached for your review. 

1. 2021 Preliminary Budget Levy Notes
2. Changes since the 7-14-20 Budget Worksession:  General Fund Levy/Budget, EDA Levy & Debt Levy
3. Tax Capacity Calculations - Estimated Tax Capacity Rates
4. 2021 Personnel Request.
5. 2021 Capital Equipment Requests
6. 2021 Requested General Fund Budget
7. 2021 Requested EDA Budget
8. Tax Effect on Home Values

30 minutes

City Administrator & Finance Director

Review of preliminary budget and levies to determine a preliminary levy and budget for the meeting of September 22, 2020.