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12-07-2020 Council Packet
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12-07-2020 Council Packet
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12/8/2020 10:09:30 AM
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AGENDA ITEM <br />Prepared By: MLU Reviewed By: MLU Approved By: DJR <br /> <br />The funding for the Street CIP includes an additional $300,000 in tax levy starting in 2023. In that year, <br />the levy needed for debt service will decrease by $300,000 and by transferring the levy to the CIP, there <br />will be adequate funding for roads. This increased levy for the CIP will require Council approval at that <br />time. <br /> <br />3. Staff Recommendation. Staff recommends approval of the attached budget resolutions setting the <br />2021 Property Tax Levy, the 2021 General Fund Budget, the 2021 Special Revenue Fund Budgets, and <br />the 2021 Enterprise Fund Budgets. <br /> <br />COUNCIL ACTION REQUESTED <br />Motions to approve the 2021 Property Tax Levy, the 2021 General Fund Budget, the 2021 Special <br />Revenue Fund Budgets, and the 2021 Enterprise Fund Budget. <br /> <br /> <br />Exhibits <br />A. Resolution Adopting the 2021 Property Tax Levy <br />B. Resolution Adopting the Final 2021 General Fund Budget <br />C. Resolution Adopting the 2021 Special Revenue Fund Budgets <br />D. Resolution Adopting the 2021 Enterprise Fund Budgets <br />E. Draft 2021 Budget Book <br /> <br />
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