Laserfiche WebLink
<br />Truth in Taxation Report <br /> <br />December 6, 2004 <br />Page 40[4 <br /> <br />According to the truth in taxation law, the city cannot adopt the tax levy or budget at the December <br />6, 2004 meeting. The tax levy and budget cannot be adopted at any meeting when the public hearing <br />is held. If the December 6, 2004 public hearing is closed, then the City Council must announce that <br />the budget and tax levy issues will be continued for consideration and adoption at 6:30 p.m. on <br />Monday, December 13, 2004. Consideration of the budget and tax levy at this follow up meeting will <br />provide the City Council with an opportunity to consider the input it receives at the December 6, <br />2004 public hearing. However, if the public hearing is continued, the continuation date must be <br />December 13, 2004 and then consideration and adoption of the tax levy and budget will have to take <br />place at the following meeting, which is scheduled for December 20, 2004. <br /> <br />Attachments <br />. Resolution 04-71 <br />. PowerPoint Presentation <br />. General Fund Revenues <br />. General Fund Expenditure Summary Pages <br />. 2005 Personal Services Addition <br />. 2005 Capital Outlay <br /> <br />$: \ Council \pat \Budget \ 2005 \ truthintaxation.doc <br />