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additional educational credits being provided. Additionally, the successful <br />school levy referendum will show up for the first time on the tax statements. <br />Nonetheless, one thing we know is that ff you own a homesteaded residential <br />piece of property in the $110,000 to $130,000 range and there is no increase <br />in your value, then you will see your total property taxes increase by about <br />3%. <br /> <br />The City Council has reviewed the budget at a number of meetings. Included <br />in the December 14 agenda packet was the general fund budget expenditure <br />details for each departmental budget. This detailed material is not included <br />with this memo, but if Councilmembers wish to have another copy, one can <br />be provided. Attached to this memo are the following: <br /> <br />· 1999 General Fund Revenues <br />· 1999 General Fund Expenditure Summary <br />· Budget Resolution <br />· Tax Levy Resolution <br /> <br />Recommendation <br /> <br />It is recommended that the City Council approve Resolution 98-__ <br />Approving the 1999 Municipal General Fund Budget. <br /> <br />It is recommended that the City Council approve Resolution 98-__ <br />Authorizing the 1998 Proposed Property Tax Levy for Collection in 1999. <br /> <br /> <br />