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<br />r I ---\j <br />( )j <br />~11l <br /> <br />ITEM 4. <br /> <br /> <br />MEMORANDUM <br /> <br />MAYOR & CITY COUNCIL <br /> <br />SUBJECT: BUDGET MEMO <br /> <br /> <br />FROM: <br /> <br />DATE: DECEMBER 12, 1994 <br /> <br />BUDGET AND LEVY PUBLIC HEARING <br /> <br />On Monday, December 5, 1994, the Elk River City Council held a public hearing on the <br />proposed 1995 municipal budget and tax levy. This public hearing was required by the <br />Truth in Taxation law. At this meeting, a number of citizens voiced their concerns over <br />various parts of the budget, tax levy, and the increases in their property values. Included <br />in this agenda packet are the minutes from this 12/5/94 public hearing. <br /> <br />e <br /> <br />The City Council continued the budget and tax levy public hearing until this special City <br />Council meeting. The public hearing is scheduled to begin at approximately 8:00 p.m., <br />following the EDA meeting. Staff is planning on providing a very brief overview of the <br />proposed budget and levy at this 12/12/94 public hearing, but can offer a much more <br />lengthy and detailed overview as requested or deemed appropriate by the City Council. <br />We will then be ready to receive public input on the budget and levy and respond <br />appropriately. <br /> <br />Please note that the budget and levy cannot adopted at this 12/12/94 meeting. <br />Additionally, the budget and levy must be adopted at the next City Council meeting on <br />12/19/94. <br /> <br />. <br /> <br />13065 Orono Parkway · P.O. Box 490. Elk River, MN 55330. (612) 441-7420. Fax: (612) 441-7425 <br />