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CITY OF ELK RIVER TRUTH IN <br />TAXATION PUBLIC HEARING <br /> <br />DECEMBER 8, 2003 <br /> <br />I ,~. resentation Overview <br /> <br />· Summary of Budget Process <br />· Proposed Tax Levy <br />· Proposed Budget · General Fund <br /> · Special Revenue <br /> · Enterprise <br /> <br />· PUBLIC HEARING - Receive comments <br /> from public <br />· Announce date of next budget meeting <br /> <br />Budget Process <br /> <br />· Staff prepares draft budget and tax levy <br /> for Council discussion <br /> <br />· Council discusses both at Council <br /> meetings and adopts maximum levy <br /> before September 15 <br /> <br />· Truth in Taxation Hearing held <br /> <br />· Council adopts 2004 levy and budget <br /> <br /> <br />