HomeMy WebLinkAboutResolution No. 196-19 - Setting the Preliminary 2020 Levy and Budget
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, 2019, 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 2020 net tax levy to be certified to the Olmsted County
Auditor is $79,524,771.00, which is a 6.5% increase, and is hereby
established as the maximum possible net tax levy for property tax payable
in 2020.
2. The recommended budget amount of $388,123,125.00 has been reviewed
and potential financing sources identified as well as priorities and programs
for 2020.
3. Monday, December 2, 2019, is hereby established for the public hearing
and final adoption of the recommended 2020 budget and tax levy.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS DAY OF , 2019.
PRESIDENT OF SAID COMMON COUNCIL
ATTEST:
CITY CLERK
APPROVED THIS DAY OF , 2019.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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