HomeMy WebLinkAboutResolution No. 330-18 - PreliminaryTaxLevyBudget2019
RESOLUTION
WHEREAS, the City annually adopts an operating levy and annual budget for the coming
year in accordance with the City’s Home Rule Charter and Minnesota Statutes; and,
WHEREAS, Minnesota Statutes section 275.065, subd. 1, requires cities to certify a
maximum proposed levy and preliminary budget on or before September 30, 2018, and to
establish a public meeting date for the purpose of discussing said proposed levy and budget; and,
WHEREAS, the Common Council of the City of Rochester has reviewed the preliminary
budget and levy.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester
as follows:
1. The preliminary 2019 net tax levy to be certified to the Olmsted County
Auditor is $74,724,024.00, which is a 9% increase over the 2018 levy,
and is hereby established as the maximum possible net tax levy for
property tax payable in 2019.
2. The recommended budget amount of $289,258,308.00 has been
reviewed and potential financing sources identified as well as priorities
and programs for 2019.
3. Monday, December 3, 2018, is hereby established for the public hearing
and final adoption of the recommended 2019 budget and tax levy.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2018.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2018.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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