City Council To Discuss 2013-2014 Proposed City Budget Aug 13
The Golden Valley City Council will hold its second discussion on the proposed 2013-2014 City budget at the Council/Manager meeting Monday, Aug 13, 6:30 pm, at Golden Valley City Hall, 7800 Golden Valley Rd. Minnesota law requires cities to adopt a budget annually, and Golden Valley prepares a two-year budget to help with upcoming financial needs and forecasts.
The proposed biennial budget includes General Fund expenditures and revenues and the 2013-2014 Capital Improvement Program (CIP) for Parks, Buildings, and Equipment. Funds that are not supported by taxes will be available in September.
At the Aug 13 meeting, the City Council will review the 2013-2014 Police, Street Maintenance, Park Maintenance, and Buildings budgets as well as the 2013-2014 CIP for Equipment, Buildings, and Parks.
In September, the Council will approve a proposed levy for the 2013 budget that will be used for the Truth in Taxation (TNT) notices that are sent out in November. The final levy and budget for 2013 will be approved in December for 2013 property tax statements.