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REQUEST FOR COUNCIL ACTION <br />DATE: December 10,2004 <br />ITEM NO: <br />nnuMrii HiCPTING <br />DEC 1 3 2004 <br />CITYOFGRQMQ <br />Department Approval: <br />Name Ronald J. Moorse <br />Title City Administrator <br />Administrator Reviewed: Agenda Section: <br />City Administrator ’s Report <br />Item Description: Levy Adoption Hcaring 2005 Collectible Tax Le^7 and Annual Budget <br />Resolutions <br />Attachments: 1. Tax Levies—Actual 2004 vs. proposed 2005 <br />2. Tax Capacity, Local Levy, and Tax Capacity Rates <br />3. Effect of 2005 Tax Levy on Property owners <br />4. Resolution Adopting the Final 2004 Tax Levy collectible in 2005 <br />5. Resolution adopting the 2005 General Fund Budget <br />6. Resolution adopting the 2005 Special Revenue Funds Budget <br />Lew Adoption Hearing <br />This is the final hearing prior to the adoption of the 2005 budget and tax levy. <br />Proposed 2005 Budget <br />The oroDosed 2005 budget reflects an effort to address a number of deferred needs, as well as to <br />ftind a number of special projects, while managing the impact of the tax levy on property owners. <br />Goals of the 2005 Budget <br />The following is an outline of the goals of the 2005 budget <br />■ <br />To improve service delivery and customer service <br />To provide a sustained drug enforcement ellort <br />To increase the City’s capacity to use information technology <br />To improve the maintenance of the City’s infrastructure , _ . ^ <br />To take advanta ge of the opportunity to re-think the design and function ot current <br />Highway 12, in preparation for the turnback of tbis roadway from the State to the County. <br />To begin to address long term public improvement needs <br />Opportunity To Address Deferred Needs <br />Over the oast 10 years, the tax levy has been increasing at an average rate of 3.98% per yew. <br />This has been an important factor in enabling the city’s tax rate to remain one of the low-est m the <br />Pountv Over the past several years, a number of priority needs have been identified. However, <br />conservative caution regarding potential State budget problems, and then the actu^ impact o <br />Ae State budget problems, including Stale Aid cuts and levy limits, have caused these needs to <br />be deferred. <br />'1