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City Council Regular
Meeting Date: 12/04/2018  
Subject:    Hold Truth-In-Taxation Public Hearing and Consider Resolutions 18-118 and 18-119 Adopting 2019 Budget and Tax Levy
From: Sharon Legg, Finance Director

The City Council must hold a Truth-In-Taxation (TNT) hearing and consider adoption of the 2019 budget and tax levy.
The proposed 2019 City budget was discussed at a work session on August 15, 2018.   At the September 4, 2018 Council meeting, a preliminary levy was adopted to be certified to the County.  Tonight's City Council meeting, December 4, 2018, was set as the Truth-in-Taxation public meeting at which the proposed budget for taxes payable year 2019 must be presented and discussed. At the hearing, the public must be given a reasonable amount of time to comment on the proposed property tax levy and budget and to ask questions.  Staff is prepared to make a short budget presentation at the City Council meeting.

Since the workshop in which the City Council discussed the budget, the Golf Fund has re-prioritized capital outlay for the restaurant operation.  Based on some safety concerns, a replacement dance floor ($17,759), shelving for a walk-in cooler ($10,207) and a walk in cooler ($29,356) have been substituted for the bar top refinishing ($21,150), patio lighting ($13,711,) a washer/dryer ($13,000) and the air curtain for Mully's ($9,461).  The dance floor is becoming a tripping hazard and the refrigeration equipment is deteriorating due to the high volume of food being prepared.  There is no impact to the budget with these changes.

The tax rate for 2019 is now estimated to be 41.115. The 2019 Budget in Brief document has been attached to this memorandum and the complete 2019 proposed budget can be viewed on the City website at:
After the public hearing, resolutions adopting the budget and the tax levy are included for adoption.
Staff recommends:
a.         Conduct the Truth-In-Taxation hearing.     
b.         Approve Resolution 18-119 Adopting the 2019 Budget.
c.         Approve Resolution 18-118 Adopting the 2019 Tax Levy.

RS 18-119
RS 18-118
2019 Budget in Brief

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