Memo - 2009-2010 Budget DiscussionADMINISTRATIVE SERVICES:
OFFICE OF THE CITY MANAGER
MEMORANDUM
TO: Honorable Mayor and Members of the Cit Co ncil
FROM: Rick Getschow, Hopkins City Manager
MEETING DATE: April 7, 2009
SUBJECT: 2009 -2010 Budget Discussion
Background:
At the work session we will begin discussions on the 2009 and 2010 budgets.
2009 Budget:
We will discuss proposed measures to balance the 2009 Budget in light of the
planned loss of 2009 LGA and MVHC (market value homestead credits).
2010 Budget:
We will also begin a preliminary discussion of the 2010 budget. Earlier in the
meeting, we will receive an update on 2009 property values that will be used as a
basis for the 2010 budget. This will allow some discussion and analysis on the
effects of city tax values and tax capacity on the 2010 levy, budget, and city tax
rate.