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<br />.!~ <br /> <br />'" <br /> <br />*,-. <br /> <br />RESOLUTION NO.9 4 -105 <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 is required to incorporate the provisions of the State's Truth in Taxation <br />program when preparing the annual municipal budget; <br /> <br />Whereas, the City endorses the intent of public involvement in local budgeting; <br /> <br />Whereas, at this time, there are four conditions of the Truth in Taxation program that must be <br />addressed; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. The hearing date shall be on Thursday, December 8th with the hearing <br />continued to Monday, December 19th, if necessary. The hearing will <br />begin at 7:30 p.m. <br />2. The Annual Budget shall be adopted at a special meeting to be convened <br />at 7:30 p.m. on December 20th. <br />3. The maximum levy for 1995 will be $2,724,000. This represents an increase <br />of 4.52% above the 1994 levy. The change in the levy is necessary to pay the <br />installments on improvement bonds. <br />4. The proposed Annual Budget for 1995 shall be as shown in Attachment A. <br /> <br />Adopted this 12th day of September, 1994. <br /> <br />~~ <br />Robert J. nke, Mayor <br /> <br /> <br />ATTEST: <br /> <br />~~ <br />Margaret .Egan <br />Finance Directorl <br />City Clerk <br />