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City of <br />Elk — <br />River <br />Request for Action <br />To <br />Item Number <br />Mayor and City Council <br />9.2 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />Work Session <br />November 21, 2016 <br />Lori Ziemer, Finance Director <br />Item Description <br />Reviewed by <br />2017 Budget <br />Cal Portner, City Administrator <br />Reviewed by <br />Action Requested <br />Continue 2017 budget discussion. <br />Background/Discussion <br />Over the past several months staff has presented budget requests and related goals for each department. <br />On September 19, Council approved a maximum levy of $10,657,808, which is a 4.8 percent change from <br />the 2016 levy. Since then, staff has reviewed and made further adjustments to bring the levy to <br />$10,563,770, a change of 3.9% <br />Pending any final adjustments from the county on property values, the city tax rate is projected to <br />decrease from 46.17% to 46.07% for 2017. <br />Financial Impact <br />N/A <br />Attachments <br />General Fund adjustments and summary <br />Tax levy breakout <br />P a w E A E U s r <br />NaA f RE] <br />