RES 23-39ver
Resolution 23-39
A Resolution of the City of Elk River Adopting the Preliminary Property Tax
Levy for Taxes Payable in 2024
WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for
taxes payable in 2024 by September 30, 2023 and certify the preliminary tax levy to the
Sherburne County Auditor; and,
WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 2024; and,
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2024; and,
WHEREAS, revenues from sources other than property taxes are not sufficient to meet
anticipated expenditures of all funds; and,
WHEREAS, debt levies have been adjusted or cancelled based on revenue collections and
projections.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows: The following amounts are the maximum to be levied as
property taxes payable in 2024:
Levy
General Fund $ 15,421,450
Library 79,000
2020A GO CIP Bond 608,709
2021A GO CIP/Equipment Bond 392,023
Economic Development Tax Abatement 139M
Total Tax Levy $ 641.082
Passed and adopted this 18`h day of September 2023.
ATTE
w Tina Allard, City Clerk
J h J. Dlet"z, 1 a r
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