5.5. SR 08-14-2006 - Laserfiche WebLink

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City of Elk River REQUEST FOR COUNCIL ACTION Agenda Section Meeting Date Worksession Au ust 14,2006 Item Description 2007 Bud et Administrator Introduction At Monday's meeting we will start the 2007 budget process. We will focus mainly on the estimated tax capacity increase and resulting increase in tax levy and requests for capital equipment and new employees. Discussion Information on the above items will be distributed on Monday. I have received preliminary property value data from the Sherburne County Assessor that will provide a basis for the initial estimate of property tax that can be raised using the payable 2005 tax rate. As you know, the payable 2006 tax rate went up slighrly because some properties were eligible for a class rate reduction that was not included in the September net tax capacity estimate. The Council earlier this year confirmed its intent to revert back to the 2005 tax rate for taxes payable in 2007. Further, Phil Hals, Bruce West, and Jeff Beahen will be present at the meeting to discuss their equipment requests and, in very general terms, any changes in their proposed budgets. We will provide a brief overview of the changes in their budgets in terms of programs that have changed and other operational changes or needs that affect the budget. Finally, this is just the opening of the budget discussion. At the next budget worksession the entire budget will be presented for review by the Council. The community development and parks and recreation department heads will be available to answer questions about their budgets at that meeting. Financial Impact None Attachments None Action Requested Discussion on 2007 budget. Council Action Motion by _ Second by _ Vote Follow Up C\Documents and Settings\tallard\Local Settings\Temporary Internet Files\OLKF\2007 budget 0814 06.doc