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As for the budget the preliminary proposed budget will be <br />presented to the Council during the interim so that the Council <br />may at its August 27, 1990 meeting adopt a preliminary budget. <br />The effect of the budget, absent any property tax growth, would <br />raise the City tax capacity rate from about 12.77 to about 14.4 <br />which would still place it at one of the lower tax capacities in <br />Hennepin County (see Attachment C). During the budget period <br />staff will do a 4 to 5 year projection of major funding sources <br />and expenditures to track the growth. <br />ALTERNATIVES - <br />1. Adopt the maximum levy and budget. <br />2. Table to the August 27th meeting to adopt both. <br />RECOMMENDATION - It is recommended that the maximum levy be <br />adopted at this time and that the budget be subject to adoption <br />at the August 27th meeting. Should Council desire to table both <br />until the August 27th, I would be available through the 24th to <br />discuss any questions Council may have on that. <br />cc: Department Heads