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HomeMy WebLinkAbout8A - Truth In Taxation Public Hearing For 2009 MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: DISCUSSION: DECEMBER 1, 2008 SA Jerilyn Erickson, Finance Director TRUTH IN TAXATION PUBLIC HEARING FOR PROPOSED 2009 CITY BUDGETS AND PROPERTY TAX LEVIES Introduction The purpose for the public hearing tonight is to provide information to the public regarding the City's proposed 2009 operating budgets and the amount of property taxes that the City proposes to collect in 2009. Also, it is important to give the residents the opportunity to express their opinions on the budget and those services that are important to them. A PowerPoint presentation will be provided and the City Council will have an opportunity to ask questions, after which the Truth-in-Taxation hearing should be opened. Any written comments submitted prior to the hearing are to be entered into the official record. Staff will provide a presentation with respect to the proposed 2009 general fund budget and enterprise fund budgets that were preliminarily adopted by the City Council in September. Under Truth-in- Taxation guidelines the City Council adopted the preliminary budgets and tax levies on September 15, 2008. The City Council CANNOT TAKE ANY ACTION with respect to adopting the 2009 budgets this evening. If all public concerns cannot be addressed tonight, the Truth-in-Taxation hearing could be continued until 6:00 p.m. Monday, December 15, 2008. The final budgets and property tax levy would then be considered for approval by the City Council at its regularly scheduled meeting on Monday, December 15, 2008. By Minnesota Statute the final property tax levy amount must be certified to the Scott County Auditor's Office no later than 5 working days after December 20th (December 29,2008). ALTERNATIVES: The following alternatives are available to the City Council: 1. If all questions have been answered, close the public hearing and direct the Staff to place this item on the December 15, 2008 City Council agenda for final action. 2. Continue the public hearing until December 15,2008 at 6:00 p.m. if there are questions that cannot be answered on December 1 st. RECOMMENDED Motion to either close the public hearing or continue the hearing to 6:00 P.M., MOTION: Monday December 15,2008. If the hearing is adjourned then the date, time and place for the levy and budget adoption meeting (Monday 6:00 p.m. December 15, 2008) must be announced. RevC"j Frank Boyle~C' y f\.;anager www.cityofpnorlake.com ':C!,'i~'2C~'F!1 l?hOti~e~44:tl9$O(Jf Pax 95R.4"41Zl.4UE