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Agenda Section: VIII-2 <br /> CITY OF NEW BRIGHTON <br /> Report Number: 99-272 <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> • Report Date: December 14, 1999 <br /> ITEM DESCRIPTION: RESOLUTION ADOPTING THE 2000 BUDGET AND TAX LEVY <br /> DEPT. HEAD'S APPROVAL: <br /> MANAGER'S REVIEW/RECOMMENDATION: <br /> No comments to supplement this report Comments attached <br /> Explanation. <br /> The annual budgeting process represents a major undertaking for the Council and staff. The budgeting process concludes this <br /> evening with adoption of the Annual Budget and certification of the tax levy. The Annual Budget provides a definitive <br /> statement of the services that the City will provide during the upcoming year. <br /> The 2000 Annual Budget totals $12,983,700. Taxes provide 26%of the revenues to support these services. The levy of <br /> $3,173,600 for 2000 represents an increase of 2.5%over the levy for 1999. The increase in the tax levy is the result of rising <br /> costs because of new services and inflation in an era when non-tax revenues cannot accommodate all of the higher costs. <br /> • <br /> Recommendation. <br /> To waive the reading and adopt the RESOLUTION ADOPTING THE 2000 ANNUAL BUDGET AND TAX LEVY. <br /> Margaret . Egan <br /> Finance Director/ <br /> City Clerk <br />