Discussion of Proposed 2014 Budgets and 2014 Levies.

This item was on the August 27, 2013 Work Session Agenda.  Council requested a special meeting for this evening to allow for continued discussion of 2014 budgets and levies before proposed budgets and levies are presented for adoption at the regular City Council and HRA meetings of September 10, 2013.  The proposed 2014 tax capacity rate is 43.37% in comparison to 44.29% in 2013.  An $180,000 reduction in levy = 1% decrease in tax capacity rate.  The total Proposed General Fund budget is $9,894,184 compared to an adopted 2013 General Fund Budget of $10,293,837 or a $399,653 reduction.

The budget as presented is now balanced with a proposed levy that would be the maximum per the previous levy limits established for 2014.
 























 

The following items are attached for review:
         
          -2014 Preliminary General Fund Budget
          -2014 Preliminary EDA Budget
          -2014 HRA Budget
          -2014 Budget Highlights
          -Possible Uses of Adopting Maximum Levy
          -Levy Options and Estimated Tax Capacity Rates


         

Not applicable

Continued discussion of 2014 General, EDA and HRA budgets and levies.