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Lake Forest Park council discusses levy lift to restore $910,000 in cuts; staff to model options
Summary
Councilors discussed restoring roughly $910,000 cut from the current biennial budget by pursuing a levy lid lift (proposed 32¢ per $1,000 of assessed value), asked city staff to verify financial assumptions and produce updated projections for a June 26 business meeting.
Council members at the Lake Forest Park Committee of the Whole on June 23 discussed restoring about $910,000 of cuts from the current biennial budget and asked staff to review a council member’s spreadsheet and produce modelled levy scenarios.
The discussion focused on a draft levy lid lift that would authorize an additional 32¢ per $1,000 of assessed valuation, a figure Council member Lebo said he supports to avoid “levels of service reductions that I’m not happy with.” The levy would be intended to stabilize the general fund and fund public safety and other services the council trimmed in the current biennium.
The issue matters because the city’s regular property tax rate is currently about 71¢ per $1,000 of assessed valuation and restoring the cuts would increase the…
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