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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 />10.6 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />Work Session <br />November 6, 2017 <br />Lori Ziemer, Finance Director <br />Item Description <br />Reviewed by <br />2018 Budget <br />Cal Portner, City Administrator <br />Reviewed by <br />Action Requested <br />Continue 2018 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 18, Council approved a maximum levy of $11,123,030, which is a 5.3% change from the <br />2017 levy. Since then, staff has reviewed and made further adjustments to bring the levy to $11,063,830, <br />a change of 4.7%. <br />Pending any final adjustments from the county on property values, the city tax rate is projected to <br />decrease from 46.193 to 45.925 for 2018. <br />Financial Impact <br />N/A <br />Attachments <br />General Fund summary <br />Tax levy breakout <br />The Elk River Vision <br />A avelcoming community avith revolutionary and spirited resourcefulness, exceptional p o w E A E u e r <br />service, and community engagement that encourages and inspires prosperity ,� g /� <br />