BY COUNCILOR STEWART:
RESOLVED, that in accordance with Minnesota Statutes, Sec. 275.065, the city council hereby adopts the following proposed budget for the fiscal year beginning January 1 and ending December 31, 2008.
STATEMENT OF PURPOSE: This resolution sets the proposed general fund budget for the year 2008. The 2008 general fund totals $80,910,300, which is $2,371,600 over 2007 for a three percent increase. Staffing changes included the addition of five new police officers; offset by staffing reductions of 19.5 FTE’s throughout the organization. This budget assumes the governor will not call a special session and that no additional local government aid will be certified for 2008.
In accordance with the state of Minnesota’s truth in taxation laws, a proposed budget and levy for fiscal year 2008 must be certified to the county no later than September 15.