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<br /> <br />Request for Action <br /> <br /> <br />To Item Number <br />Mayor and City Council 10.4 <br />Agenda Section Meeting Date Prepared by <br />Work Session September 4, 2018 Lori Ziemer, Finance Director <br />Item Description Reviewed by <br />2019 Budget Discussion Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />2019 budget discussion <br /> <br />Background/Discussion <br />Over the past couple of months, staff has presented the budget requests and related goals for each <br />department. Staff will provide an overview of the General Fund budget and an update on the preliminary <br />levy. <br /> <br />On September 17, the Council must approve a maximum levy to be certified to Sherburne County by <br />September 30, 2018. Currently, with the adjustments that have been made, the levy change is 7.9% for <br />2019 with a projected decrease in the tax rate. We are awaiting notification of the 2019 preliminary tax <br />values from Sherburne County, but early estimates project over an 8% increase. <br /> <br />Staff is seeking Council direction regarding the tax levy and potential adjustments. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> General Fund summary <br /> Preliminary tax levy <br /> Personnel summary <br /> Capital outlay summary <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />