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September 26, 2023 Page 3 of 7 <br />Benedictine would be completing projects in New Brighton, Hastings and Winona through this <br />bond issuance. Staff commented further on the City’s conduit debt policy and recommended <br />the Council hold a public hearing and adopt a Resolution consenting to the issuance of the <br />bonds. <br /> <br />Motion by Councilmember Abdulle, seconded by Councilmember Allen to open the <br />Public Hearing. <br /> <br />5 Ayes, 0 Nays - Motion Carried <br /> <br />The Public Hearing was opened at 6:39 p.m. <br /> <br />Mayor Niedfeldt-Thomas asked for additional comments, there were none. <br /> <br />Motion by Councilmember Axberg, seconded by Councilmember Allen to close the <br />Public Hearing. <br /> <br />5 Ayes, 0 Nays - Motion Carried <br /> <br />The Public Hearing was closed at 6:40 p.m. <br /> <br />Motion by Councilmember Allen, seconded by Councilmember Dunsworth to adopt a Resolution <br />consenting to the issuance of health care facilities revenue bonds by the Duluth Economic <br />Development Authority to finance a project in the City. <br /> <br />5 Ayes, 0 Nays-Motion Carried <br /> <br />Council Business <br />1. Consideration of Resolution Adopting the Proposed Preliminary Tax Levy for <br />Taxes Payable 2024 and Setting the Public Meeting Date for the 2024 Budget <br />and Levy Discussion with Public Comment. <br /> <br />City Manager Massopust indicated Finance Director Foschi would be presenting this item to the Council. <br />Finance Director Foschi stated the City Manager’s recommended preliminary 2024 General Fund <br />budget is $22,798,700, which represents an 8.94% increase over the 2023 adopted budget. The <br />preliminary 2024 budget includes a proposed general tax levy of $13,766,800 for taxes payable <br />in 2024, which represents an increase of $1,157,300 or 9.18%. It is recommended that the <br />public meeting for the 2024 budget and levy discussion with public comment be held during <br />the regular City Council meeting on Tuesday, November 28, 2023 at 6:30 p.m. The date, time <br />and place for the scheduled public hearing will be included on the County’s parcel‐specific <br />notices. She reviewed the levies for comparable cities and discussed how the proposed levy <br />would impact the median value homeowner. Staff commented further on the proposed <br />preliminary tax levy and budget for 2024 and recommended approval. <br />Councilmember Allen reported the Council and staff have had a number of conversations on <br />the proposed budget. He explained there were not a lot of new items in the budget. He noted <br />the main increase in the levy was due to personnel, which makes up the largest portion of the <br />City’s budget. He discussed how the proposed budget prioritizes the City Council’s goals and <br />objectives. <br />Mayor Niedfeldt-Thomas inquired when the preliminary tax levy has to be submitted to the <br />County. Finance Director Foschi reported technically the deadline is September 30, but <br />because this falls on a weekend the tax levy had to be submitted to the County by October 2. <br />Mayor Niedfeldt-Thomas requested comment from staff on what the 2025 tax levy will look <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Council Business <br />1. Consideration of <br />Resolution Adopting <br />the Proposed <br />Preliminary Tax Levy <br />for Taxes Payable <br />2024 and Setting the <br />Public Meeting Date <br />for the 2024 Budget <br />and Levy Discussion <br />with Public Comment. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />