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<br />, <br /> <br />~ <br /> <br />RESOLUTION NO..9.6--Q 73 <br /> <br />State of Minnesota <br />County of Ramsey <br />City of New Brighton <br /> <br />Resolution Complying with the terms of the Truth in Taxation Program <br /> <br />Whereas, the City annually adopts an operating budget; <br /> <br />Whereas, as part of the local budgeting process, the City must comply with the State's Truth in <br />Taxation Program; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. The public hearing on the budget and proposed tax levy will be held on December 5th at 7:30 <br />p.m. If necessary, the hearing will be continued to December 12th at 7:30 p.m. <br /> <br />2. The Annual Budget and tax levy for 1997 will be adopted at the Council meeting on <br />December 18th. <br /> <br />3. The proposed maximum tax levy for 1997 will be $3,015,900. This levy represents an <br />increase of 9.26% above the 1996 levy. The change in the levy is necessary to pay for on-going <br />services and to finance additional public safety personnel. <br /> <br />4. The proposed Annual Budget shall be as shown in Attachment A. This Budget is a very <br />preliminary one that is based on data taken from the 1997 Financial Plan. Consideration ofthe <br />1997 Annual Budget by the Council will take place in October during workshops. <br /> <br />Adopted this 9th day of September, 1996. <br /> <br /> <br />Robert J. e, Mayor <br /> <br />~.~Manager <br /> <br />AI1'EST: <br /> <br />~~ <br /> <br />Finance Directorl <br />City Clerk <br />I1Shared/CouncillResolutionslFinance/TNT <br />