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HomeMy WebLinkAboutBudget Process Contact: Jennifer Bennerotte, Communications & Marketing Director Phone 952-833-9520 • Fax 952-826-0389 • Web www.CityofEdina.com FOR IMMEDIATE RELEASE Residents encouraged to weigh in on proposed 2012 City budget Citizens League to lead three meetings for public participation Edina, Minn., Oct. 18, 2011 -- The public is encouraged to weigh in on the City of Edina’s 2012 budget at upcoming meetings. The Citizens League will lead the meetings, scheduled for:  9-11 a.m. Tuesday, Nov. 1, Arneson Acres Park, 4711 W. 70th St.  1:30-3:30 p.m. Wednesday, Nov. 2, Edina Community Center, 5701 Normandale Road, Room 350  6:30-8:30 p.m. Thursday, Nov. 3, Edina Public Works & Park Maintenance Facility, 7450 Metro Blvd., Multi-Purpose Room In September, the City Council set the maximum tax levy for 2012. The preliminary General Fund expenditure budget prepared by City Manager Scott Neal is $30,604,436. The preliminary expenditure budget for the General Fund, the equipment replacement program within the Construction Fund, and all debt levies is $36,440,420. Neal prepared the draft budget with several goals in mind, including stabilizing City operations and employee headcount, keeping employee compensation at market levels and maximizing use of available unreserved fund balances. The City’s current unreserved fund balance is nearly $2.5 million. Neal has proposed transferring $700,000 to the Construction Fund and spending $100,000 to re-codify local ordinances, $100,000 to modernize human resources operations and $100,000 to respond to findings of a recent compensation study. The rest of the money would be used to restructure the City’s debt and provide property tax relief. Total of all levies would increase by $462,009, or 1.8 percent. The 1.8 percent increase would be the maximum property tax increase the City could levy. However, expenditures and revenues could change before final budget adoption. A public hearing on the budget and levy will be held Dec. 6. The Council will act on the budget and levy at its meeting Dec. 20. -30-