HomeMy WebLinkAboutResolution No. 261 - Establishing the 2021 Preliminary Property Tax Levy & 2021 Budget Hearing
RESOLUTION
Establishing the 2021 Preliminary Property Tax Levy and 2021 Budget Hearing.
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, 2020, 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 2021 net tax levy to be certified to the Olmsted County Auditor
is $79,524,771.00, which is a 0% increase, and is hereby established as the
maximum possible net tax levy for property tax payable in 2021.
2. The recommended budget amount of $476,030,973.00 has been reviewed
and potential financing sources identified as well as priorities and programs
for 2021.
3. Monday, December 7, 2020, is hereby established for the public hearing and
final adoption of the recommended 2021 budget and tax levy.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2020.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2020.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)