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MEMORANDUM <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />Mayor and City Council <br /> <br />Pat Klaers, City Administr <br /> <br />December 2, 2002 <br /> <br />SUBJECT: Truth in Taxation Public Hearing <br /> <br />The City of Elk River tax levy and budget public hearing is scheduled for 6:00 p.m., Monday, <br />December 2, 2002, at the Elk River City Hall. This public hearing is required by the Truth in <br />Taxation state law. The purpose of this public hearing is to receive citizen and property <br />owner input on the proposed 2003 city budget and tax levy. <br /> <br />A news article on this budget and tax levy public hearing was in the November 20, 2002, <br />tO'vet oCtar News. A public hearing notice for this meeting was published in the November 27, <br />2002, E//e Po'~er Star News. Notification was also given by way of information being presented <br />on the cable TV schedule of upcoming events and on the city website. <br /> <br />In compliance with the Truth in Taxation state law, the county has sent out notice of this <br />public hearing to each property owner in the city. The notice included information on the <br />property owner's proposed city, school district, and county taxes for 2003. <br /> <br />This is the first budget public hearing that the city has held for awhile. No public hearing <br />was held last year for the 2002 budget. The state legislature advised municipalities that a <br />budget and tax levy public hearing was not necessary last year due to all of the changes that it <br />made in the state tax law. Essentially, the state legislature said that tax comparisons to <br />previous years were too difficult to make and too confusing, so it dispensed with the annual <br />budget and tax levy public hearing requirement. <br /> <br />The City Council is familiar with the 2003 budget and tax levy issues, as it has held a series of <br />worksessions on these financial issues over the last four months. Accordingly, this <br />presentation is mainly for the public in attendance at the meeting and for the viewing public <br />at home watching on cable TV. The challenge for this meeting is to present budget and tax <br />leW information in a clear, concise, and understandable manner to the citizens and property <br /> <br /> <br />