2013 Levy & General Fund Budget

Update of 2013 Levy and budget in preparation of truth in taxation public meeting on December 11, 2012 with final adoption also scheduled on December 11.

During the budget work sessions the possibility of capital equipment certificates being issued for 2013 capital equipment purchases was discussed.  A final determination is needed regarding funding these purchases with capital equipment certificates or equipment fund.  A copy of a proposed debt schedule is attached. 

Capital equipment certificates currently offer borrowing at historically low (<2%) interest rates.The debt would be issued in 2013 with the debt levy becoming effective for 2014 payable. 

Not applicable.

Discussion of budget and levy with final determination of funding for 2013 capital purchases.