The City's adopted 2014 budget calendar calls for the 2014 Preliminary Budgets to be presented to the Finance Committee on July 23, 2013, with full council worksessions after this date up up to preliminary levy adoption on September 10, 2013.

The city annually adopts a preliminary levy for the General Fund, Economic & Development Authority (EDA) Fund and the Housing and Redevelopment Authority (HRA) fund.

For 2014, the city is under levy limits and the tax rates presented reflect as such.  The proposed budgets, as presented, reflect a snapshot of where the budgets are today.  Staff is currently working on the proposed budgets to be in compliance of the levy limit and focusing on the strategic planning goals. 

For 2014, due to levy limits, the city has the additional levy capacity of $156,493 over and above the adopted 2013 budgets.  This is net of debt levies and the HRA levy.  The levy limit for 2014 is $7,482,518.

A July 23, 2013 worksession is planned with the full city council for review of all preliminary budgets.
 

A brief summary of notable items in the prelimary budgets, 2014 Preliminary General Fund Budget, 2014 Preliminary EDA Budget, Preliminary 2014 HRA budget and strategic goals are attached.