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19 <br />Economic Factors and Next Year’s Budget <br />The City of Elk River estimates that the demand for City services will begin to grow at increased levels as compared to <br />the prior years due to the improved economy and recent building activity. This was taken into consideration in <br />preparation of the City’s 2018 budget. The property tax levy is set annually and is adjusted as necessary to fund the cost <br />of providing services to our citizens and customers. Charges for services are evaluated each year and adjusted if <br />warranted. The City expects to keep the tax levy consistent in upcoming years. <br />Requests for Information <br />This financial report is designed to provide a general overview of the City of Elk River’s finances for all those with an <br />interest in the City’s finances. Questions concerning any of the information provided in this report or requests for <br />additional financial information should be addressed to City of Elk River, Attn: Finance Director, 13065 Orono Pkwy, <br />Elk River, Minnesota 55330 or by calling (763) 635-1000.