2.0. SR 12-04-2000 - Laserfiche WebLink

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. City of 1f Elk Item #2 MEMORANDUM TO: Mayor & City Council Pat Klaers, City Administr~ December 4, 2000 ~ FROM: DATE: SUBJECT: Truth in Taxation Public Hearing The City of Elk River tax levy and budget public hearing is scheduled for 6:00 p.m., Monday, December 4, 2000, at the Elk River City Hall. This public hearing is required by the Truth in Taxation state law. The purpose of this public hearing is to receive citizen and property owner input on the proposed 2001 city budget and tax levy. . A public hearing notice for this meeting was published in the November 29, 2000, Elk River Star News. Notification was also given by way of a front page article in The Current, which was distributed in early November. In compliance with the Truth in Taxation state law, the county has sent out notice of this public hearing to each property owner in the city. The notice included information on the property owner's proposed city, school district, and county taxes for 2001. On September 11, 2000, the City Council adopted a resolution establishing the proposed maximum tax levy for the city. This resolution is attached for your reference. The City Council also held a public hearing on October 9, 2000, regarding a proposed tax levy increase and adopted a resolution that acknowledged the plan for a city tax rate increase. . The maximum 2001 levy is set at $4,457,247. Of this total, approximately 86 percent or $3,820,284 is for General Fund activities. The balance, approximately 14 percent of the total net levy, is used for other City Council approved expenditures such as the operation/maintenance of the library, special assessments, the dam loan, equipment certificates, etc. 13065 Orono Parkway. P.O. Box 490. Elk River, MN 55330. TDD & Phone (763) 441-7420. Fax (763) 441-7425