City Council Meeting Date: December 6, 2016
To: Mayor and City Council
City Administrator
From: Melanie Lammers, Finance Director
Title
Consider Adopting the 2016/Payable 2017 HRA Tax Levy
Body
Action Requested:
The Northfield City Council consider approving the attached resolution adopting a final levy for the HRA.
Summary Report:
Attached is the final levy resolution for the HRA. The HRA is proposing a 4.55% increase, to correspond with the City’s taxable market value increase. The overall tax rate for the HRA will decrease due to expanded tax capacity.
Alternative Options:
Council may lower the HRA levy to an amount lower than recommended by the HRA.
Financial Impacts:
The levy affects the HRA budget.
Tentative Timelines:
Council must pass a final levy for the HRA in December to meet submission deadlines to the county.