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53190.8 <br />TO: Mayor and City Council <br />FROM: Mark E. Bernhardson, City Adrainistrat <br />DATE: May 31, 1990 <br />SUBJECT: 1991 Budget Process <br />®mme <br />•JUN111990 <br />C//Y OF ORONO <br />Attachment: A. League of Minnesota Cities Excerpt/Truth in <br />Taxation Requirements <br />ISSUE <br />1. Presentation to Council of the budget process for 1991. <br />2. Presentation to Council of initial estimates for budget <br />consideration , <br />INTRODUCTION - Given the alterations to the Truth in Taxation <br />requirements Attachment A is presented for Council information. <br />As a result of that the City's budget process dates will be as <br />follows: <br />* Preliminary budget information to Council by August <br />13, 1990 <br />* Proposed 1991 tax levies and budget resolutions must <br />be adopted at August 27, 1990 Council meeting. Also <br />the City must select dates for the initial and <br />continuation budget hearings to be held between November <br />15 and December 20, 1990 after receipt of infromation <br />from the County <br />* Budget work sessions(s) with City Council and with <br />staff in September - October <br />* Publish notice of proposed property taxes before the <br />hearing to be held between November 15 and December 20 <br />* At budget hearing(s) Council must adopt final budget <br />and property tax levies. (Note property tax levy <br />adopted cannot exceed amount adopted at August 27 <br />Council meeting, but may be lower at Council's <br />discretion .) <br />* City must certify the final budget and property tax <br />levies adopted at budget hearing(s) to the County <br />Auditor by Friday, December 28, 1990 <br />DISCUSSION - It is anticipated that during this process the total <br />General Fund tax levy increases the City would be limited to is <br />$62,260 over 1990. Initial estimates place personnel/increase <br />which make up about 70% of the budget at about 2 1/2 to 3%.