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<br />. <br /> <br />budget at that meeting as those must be adopted at a separate <br />hearing. They cannot be adopted at the initial hearing. <br /> <br />· The Council is asked to make a motion setting the <br />initial and continuation budget public hearing dates in <br />order to comply with the Truth in Taxation Law. <br /> <br />3. <br /> <br />Tax Levv Resolutions - There are three tax levy resolutions <br />which must be adopted prior to September 15. Two of those <br />levies are for the HRA and EDA, both of which have been <br />approved by their respective governing bodies prior to being <br />presented to the City Council. Both of the levies are at the <br />maximum amount allowed by law. The third resolution is the <br />resolution approving the proposed 1995 General Fund budget <br />and the maximum 1995 tax levy. The amount approved on this <br />resolution is the amount that will appear in the Truth in <br />Taxation notices. Also, the Council is reminded that it cannot <br />increase the levy above the maximum amount certified. <br />However, reductions can be made prior to adoption of the fmal <br />budget and tax levy. <br /> <br />. <br /> <br />Attached are copies of each of the resolutions which need to be <br />approved in order to certifY the 1995 tax levies. The City levy <br />resolution is based on the proposed amounts previously <br />discussed by Council. This resolution will be adjusted as <br />necessary based on Council decisions made prior to adoption of <br />the resolution. <br /> <br />In conclusion, motions on the debt service levies, a motion setting the Truth <br />in Taxation hearing dates, and adoption of the three attached resolutions <br />must be acted on by the City Council on Monday. <br /> <br />. <br />