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File #: 17-1144    Version: 1 Name:
Type: Information/Discussion Item Status: Agenda Ready
File created: 7/14/2017 In control: City Council
On agenda: 12/5/2017 Final action:
Title: Public Hearing on the 2018 Budget and Tax Levy
Attachments: 1. 1 - 2018 Budget & Levy Public Hearing Presentation 12.5.17

City Council Meeting Date:                     December 5, 2017

 

To:                                          Mayor and City Council

                                          City Administrator

 

From:                                          Brenda Angelstad, Finance Director

 

Title

Public Hearing on the 2018 Budget and Tax Levy

 

Body

Action Requested:                     

The Northfield City Council holds a public hearing for the 2018 proposed tax levy and budget.

 

Summary Report:

The preliminary levy was approved on September 19, 2017 with an 8.5% increase over last year’s amount.  The HRA and EDA levies were preliminarily approved with a 4.4% increase to both.  Staff will conduct a presentation of the final levies and budget amounts.  The public will have an opportunity to speak. 

 

There are six budget related approvals that are needed following the public hearing.  Council will be asked to approve a final resolution for each of the six areas.  Additional information is contained in the staff reports and resolutions for these items.

 

The Resolutions will be presented as follows:

                     Adopt the final HRA Levy

                     Adopt the final EDA Levy

                     Adopt the final City Levy

                     Adopt the CIP

                     Adopt the CEP

                     Adopt the 2017 Budget

 

Financial Impacts:                     

The levy is the primary source of revenue for the City of Northfield.

 

Tentative Timelines:                     

Public Hearing on December 5, 2017.