2.3.
| CC Work Session |
| Meeting Date: | 08/08/2023 |
| Primary Strategic Plan Initiative: | {ud_pd2} |
Information
Title:
Continued Discussion on 2024 Budget/Levies
Purpose/Background:
Continuation of the discussion pertaining to the 2024 General Fund Budget and tax levies of General, EDA, Pavement Management and Debt.
Several of the attachments reflect a tax levy of a 9% increase - would need to reduce status quo (2023 budget + city council authorizations in 2023 ) budget by approximately $247,000, 10.35% status quo budget & 12.67% which adds back personnel requests and funds capital requests through the issuance of capital equipment certificates.
The preliminary levy is proposed to be adopted on September 26, 2023.
Several of the attachments reflect a tax levy of a 9% increase - would need to reduce status quo (2023 budget + city council authorizations in 2023 ) budget by approximately $247,000, 10.35% status quo budget & 12.67% which adds back personnel requests and funds capital requests through the issuance of capital equipment certificates.
The preliminary levy is proposed to be adopted on September 26, 2023.
Timeframe:
60 minutes
Funding Source:
Responsible Party(ies):
Finance Director and City Administrator
Outcome:
Continued discussion of the 2024 budget and levies.
Attachments
- Calculation of General Fund Levy with Priorities
- Non Discretionary budget items
- Possible changes from status quo to 12.67%
- Examples of % increase in Levy & effect on tax rate
- Tax Capacity Rate Calculation - Estimated
- Residential tax impact - 9%, 10.35% & 12.67%
- Commercial tax impact - 9%, 10.35% & 12.67%
- 2024 Personnel Requests
- 2024 Capital Requests
- 2024-2026 Capital requests (equipment certificate option)
- 2024 Draft General Fund Budget
- 2024 Draft EDA budget
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Brian Hagen | Brian Hagen | 08/03/2023 12:30 PM |
- Form Started By:
- Diana Lund
- Started On:
- 07/27/2023 01:24 PM
- Final Approval Date:
- 08/03/2023