2013 Budgets & Levies - General Fund, HRA & EDA Fund

Continued discussion of 2013 budgets and levies before proposed budgets and levies presented for adoption at regular City Council and HRA meetings of September 11, 2012.  The proposed 2013 tax capacity rate is 44.715% incomparison to 44.172% in 2012.  An $180,000 reduction in levy = 1% decrease in tax capacity rate.

In response to a question raised at the last work session, the County HRA Director has indicated that it is likely that the County HRA undesignated levy (approximately $236,000 per year), all or part, could be used by the City to fund current City HRA activities.  The City would need to make a request and have it approved by the County HRA (consisting of County Board members).   Staff will examine different budget scenarios based upon utilization of County HRA dollars for current City HRA purposes.

Not applicable

Continued discussion of 2013 General, EDA and HRA budgets and levies.