2.2.
CC Work Session
- Meeting Date:
- 09/28/2021
Information
Title:
Final 2022 Budget/Levy Review Before Preliminary Adoption on 9-28-2021
Purpose/Background:
At the last budget worksession of August 24, 2021, there were questions related to what the levy and tax effect would be if the full $1.9M needed for road funding was added to the levy.
The two levy options pertaining to the road are as follows:
1. 15% of last year's General Fund levy or $1,673,227
2. 17.03% of last year's General Fund levy or $1.9M
Staff would like to go over the tax effect of these two options.
The preliminary levy is on the agenda for adoption at the regular meeting of September 28, 2021. Preliminary levy numbers need to be sent to Anoka County by September 30, 2021, or the 2022 preliminary levy will be set at 2021 rates. For purposes of the presentation and adoption at the City Council meeting, staff will be presenting and recommending option 1 above.
The two levy options pertaining to the road are as follows:
1. 15% of last year's General Fund levy or $1,673,227
2. 17.03% of last year's General Fund levy or $1.9M
Staff would like to go over the tax effect of these two options.
The preliminary levy is on the agenda for adoption at the regular meeting of September 28, 2021. Preliminary levy numbers need to be sent to Anoka County by September 30, 2021, or the 2022 preliminary levy will be set at 2021 rates. For purposes of the presentation and adoption at the City Council meeting, staff will be presenting and recommending option 1 above.
Timeframe:
20 minutes
Funding Source:
Responsible Party(ies):
Finance Director
Outcome:
Determination of final preliminary levy amount to be adopted at September 28, 2021 regular City Council meeting.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 09/22/2021 04:34 PM |
- Form Started By:
- Diana Lund
- Started On:
- 09/22/2021 09:43 AM
- Final Approval Date:
- 09/22/2021