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TO: <br />FROM: <br />DATE: <br />Mayor ami City Council <br />Ron Moorsc, City Administrator <br />/ <br />November 27, 1995 <br />SUBJECT: 1996 Budget and Tax Le>7 <br />The proposed 1996 budget reflects an effort “ ^impacts, <br />while positioning the city to address a number ol long term issues with substant <br />F.xpendim res. Tax Le%^ and Jax Capacirv Raie areatest imo'’''! on the tax levy, <br />is an increase of $10;.740 or 3.17% over the 199a e.xpenditure amount. <br />The txx levy required to hand me total 19% budget is S2^0S0 340. Jhis^s an mcma.^of <br />drainage). <br />i^rr^iTTo remain one of the lowest in Hennepm County. <br />Impact of f a reduction in the city’s share of the property ta.x <br />The proposed budget and ■“ '^7 ' ‘ citv share of the property ta.x bill is reduced from <br />does address a number of long tenn fiscal <br />issues ind program needs. These are as foUows: <br />Long Term Fiscal Issues <br />Funding for infrastructure (replacement of reads and bridges, and storm water <br />drainage projects).1. <br />Funding for storm water management plan. <br />\ .