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City Council Minutes Page 7 <br /> November 3,2014 <br /> 10.2 2015 Budget <br /> Mr. Simon provided an overview of the 2015 budget. He explained that since the gas <br /> prices have come in lower than expected,they are able to reduce the levy change from <br /> 1.93% to 1.66 percent. He noted that the city tax rate is now projected to 47.11 %. Mr. <br /> Simon stated that an additional worksession can be held Nov. 17,if needed,with <br /> presentation of the budget for approval at the Dec. 1 City Council meeting. <br /> 11. Adjournment <br /> There being no further business,Mayor Dietz adjourned the meeting of the Elk River City <br /> Council to the worksession at 8:26 p.m. <br /> Minutes prepared by Debbie Huebner. <br /> John J. Dietz,Mayor <br /> Tina Allard, City Clerk <br /> P O w E R E U 9 1 <br /> 1`4 U <br />