HomeMy WebLinkAboutX-E-02 Approve Preliminary 2024 City Property Tax Levy, Preliminary Budget, and Setting Truth in Taxation HearingCITY OF HASTINGS
DAKOTA COUNTY, MINNESOTA
RESOLUTION 09 - - 23
A RESOLUTION ADOPTING THE PRELIMINARY
2024 CITY PROPERTY TAX LEVY, PRELIMINARY BUDGET,
AND SETTING TRUTH IN TAXATION HEARING DATE
WHEREAS, the City must annually prepare a budget that is responsive,
responsible, and in alignment with our CORE values and strategic plan; and
WHEREAS, departments prepare requests with are discussed and reviewed as a
team and with the Finance Committee of the Council (Folch*, Fox, Leifeld); and
WHEREAS, the Finance Committee and the City Council have met several times
over the last few months to discuss the preliminary budget information; and
WHEREAS, the committee has directed the City Administrator and staff to
prepare a preliminary 2024 tax levy and budget, a special levy, and set a truth in
taxation hearing date; and
WHEREAS, provisions of the Minnesota Truth and Taxation Law require Cities to
certify a Proposed Property Tax Levy and City Budget to the County Auditor by October
2, 2023; and
WHEREAS, City staff was directed to set the 2024 City Preliminary levy at
$18,649,930, the Preliminary Budget at $38,898,627, and to schedule a truth in taxation
public hearing date at 7:00 p.m. on Monday, December 4, 2023 in the City Council
Chambers at Hastings City Hall, with a continuation date (if needed) of Monday,
December 18, 2023; and
WHEREAS, the City has sufficient cash on hand to reduce the debt levy to
$2,162,338.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Hastings,
Minnesota; that the preliminary Property Tax Levy of the City of Hastings, for the 2024
City Budget to be certified is hereby adopted.
Adopted this 18th day of September, 2023.
_______________________________
Attest: Mary D. Fasbender, Mayor
_____________________ ____
Kelly Murtaugh, City Clerk
X-E-02