Review and Adopt 2011/Payable 2012 Tax Levy and 2012 General Fund Budget (removed from consent #4.05 and became regular case #7.07)

The 2012 Proposed General Fund Budget, as it has been presented and reviewed in the past several months, is based on the collection of tax dollars and results in an estimated 44.15 tax capacity rate.

The budget, as presented, represents a balanced budget in the amount of $9,648,075.

The budget includes $340,252 for capital outlay items for a plow truck, three squad cars and the first year (of two years) funding for a fire tanker truck.  The council contingency fund has a budget of $33,726.

An overall summary of the budget and levy can be found under the 2012 Budget and levy presentation that was included under the presentation portion of the December 13, 2011 city council agenda.

State Statutes require that the 2012 Levy and General Fund Budgets must be adopted at a meeting before December 28, 2011.

None Required.

Motion to recommend City Council adoption of Resolution #11-12-XXX Resolution Adopting the 2011, Payable 2012 Municipal Tax Levy

and

Motion to recommend City Council adoption of Resolution #11-12-XXX Resolution Adopting the 2012 City of Ramsey General Fund Budget.