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Shakopee City Council
September 4, 2018
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| | | | | | | | | FROM: | Darin Nelson, Finance Director | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Review of 2019 Preliminary Budget and Levy | | |
| | | | | | | | Policy/Action Requested:
Discuss and provide direction regarding the 2019 preliminary levy and budget. No formal action is being sought. | | |
| | | | | | | | Recommendation:
Staff is proposing a preliminary city levy of decrease of $30,048 or 0.15 percent, which includes the EDA preliminary levy of $350,000.
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| | | | | | | | Discussion:
The City Council must certify a proposed levy on or before October 1, 2018. The Council will consider adoption of the proposed maximum tax levies for both the city and the EDA on Tuesday, September 18. Staff seeks additional guidance from the Council in preparation of necessary documents for that meeting. Attached is an in-depth budget memo.
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| | | | | | | | Budget Impact:
The 2019 city and EDA levies provide the necessary funds to maintain the city's current service levels. | | |
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