Item Coversheet

10.A.


Shakopee City Council
September 1, 2020


FROM:Nate Reinhardt, Finance Director
TO:Mayor and Council Members
Subject:
Review of 2021 Preliminary Budget and Levy
Policy/Action Requested:
Discuss and provide direction regarding the 2021 preliminary levy and budget. No formal action is being requested.
Recommendation:

Receive the proposed preliminary levy and budget and provide feedback to staff.

Discussion:
The City Council must certify a proposed levy on or before September 30, 2020. The Council will consider adoption of the proposed maximum tax levies for both the city and the EDA on Tuesday, September 15. Staff seeks additional guidance from the council in preparation of necessary documents for that meeting. Attached is an in-depth budget memo.
Budget Impact:
The 2021 City and EDA levies provide the necessary funds to maintain the city's current service levels.
ATTACHMENTS:
Description
2021 Preliminary Levy Memo
2021 Preliminary Budget Presentation