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According to the truth in taxation law, the city cannot adopt the tax levy or the budget at the <br />December 8, 2003 meeting. The tax levy and budget cannot be adopted at any meeting when the <br />public hearing is held. If the December 8, 2003 public hearing is closed, then the City Council must <br />announce that the budget and tax levy issue will be continued for consideration and adoption at <br />6:30 p.m. on Monday, December 15, 2003. Consideration of the budget and tax levy at this follo~v <br />up meeting will provide the Council with an opportunity to consider the input it receives at the <br />December 8, 2003 public hearing. However, if the public hearing is continued, the continuation date <br />must be December 15, 2003 and then consideration and adoption of the tax levy and budget will <br />have to take place at the following meeting, which is scheduled for December 22, 2003. <br /> <br />Attachments · Resolution 03-54 <br /> · PowerPoint Presentation <br /> · General Fund Revenues <br /> · General Fund Expenditure Summary Pages <br /> · 2004 Personal Services Addition <br /> · 2004 Capital Outlay <br /> <br />S: \Council~Pat\ Budget\truthintaxation.doc <br /> <br /> <br />