HomeMy WebLinkAboutItem 09Memorandum
To: Honorable Mayor and City Council
From: Steven C Mielke, City Administrator
Copy: Dennis Feller, Director of Finance
Date: June 21, 2012
Subject: 2014 -15 Budget Work Sessions
City of Lakeville
Administration
Staff is preparing for preliminary 2014 -15 budget discussions with the City Council. We would
like to gauge the City Council's willingness and desire to schedule an additional work session
in which to hold discussions.
The City Council is required to adopt a resolution adopting a preliminary budget and tax levy
for 2014 by September 16, 2013. The tax levy adopted at that time becomes the maximum tax
levy that can be adopted in December. After the preliminary levy is adopted the City Council
can reduce the levy, but may not increase it beyond the levy established resolution.
The Legislature has adopted levy limits for 2014. Therefore there is a statutory limit to the
taxation levels that can be set for general government purposes. This number is not yet
known but will likely play a role in Council decisions.
To meet the September deadline it is anticipated that the City Council will set the preliminary
tax levy and budget at the September 16, 2013 regular meeting. A portion of the July and
most of the August work session will be dedicated to discussing the preliminary budget and
tax levy. The Staff recommends that the City Council consider setting aside an additional
meeting (September 9) in which to review and discuss the preliminary numbers.
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