2.2.
| CC Work Session |
| Meeting Date: | 11/12/2024 |
| Primary Strategic Plan Initiative: | {ud_pd2} |
Information
Title:
Review 2025 Budget & Levy before final adoption.
Purpose/Background:
The preliminary budget and levy was adopted at the Regular City Council meeting of September 24, 2024 (Levy presentation attached). The preliminary levy adopted was $21,950,694 or 8.24% increase over the 2024 adopted levy of $20,279,701.
As of the writing of this case, the City is waiting to receive preliminary levy/tax capacity rates from Anoka County that will be reflected on the Truth and Taxation notices mailed to residents mid to late November.
The Truth and Taxation public hearing is scheduled for Tuesday, November 26, 2024. The adoption of the 2025 property tax levy and 2025 General Fund budget is scheduled to immediately follow this hearing.
As of the writing of this case, the City is waiting to receive preliminary levy/tax capacity rates from Anoka County that will be reflected on the Truth and Taxation notices mailed to residents mid to late November.
The Truth and Taxation public hearing is scheduled for Tuesday, November 26, 2024. The adoption of the 2025 property tax levy and 2025 General Fund budget is scheduled to immediately follow this hearing.
Time Frame/Observations/Alternatives:
20-30 minutes
Recommendation:
Review 2025 Budget & Levy before final adoption.
Outcome/Action:
Review 2025 Budget & Levy before final adoption.
Attachments
- 2025 Preliminary Levy Presentation
- 2025 Personnel Requests
- 2025 Capital Requests
- 2025 Proposed General Fund Budget
- 2025 Proposed EDA Budget
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Brian Hagen | Brian Hagen | 11/07/2024 02:00 PM |
- Form Started By:
- Diana Lund
- Started On:
- 10/25/2024 07:21 AM
- Final Approval Date:
- 11/07/2024