22-087 Adopting the Preliminary 2023 General Fund Operating Budget and Property Tax LevyRESOLUTION NO.22-087
ADOPTING THE PRELIMINARY 2023 GENERAL FUND
OPERATING BUDGET AND PROPERTY TAX LEVY
WHEREAS, City staff have presented the preliminary 2023 budget and property tax
levy at a work session in August 2022; and
WHEREAS, the City Council has reviewed the budget and property tax levy and
made modifications to each that reflect desired community service levels; and
WHEREAS, the City Council is required to approve and certify the proposed 2023
preliminary property tax levy to the Hennepin County Auditor by September 30, 2022;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SHOREWOOD AS FOLLOWS:
The 2023 Preliminary General Fund Budget is hereby set at $6,076,263.
2. $6,510,948 is to be levied for 2022 ad valorem property taxes, collectible in
2023 upon all taxable property in the City of Shorewood. Individual fund
property tax levies are as follows:
General Fund
Debt Service Funds (City):
2020A G.O. Street Reconstruction Bonds
2021 A G.O. Street Reconstruction Bonds
2022A G.O. Street Reconstruction Bonds
Capital Project Funds:
Equipment Replacement
Street Improvements
Park Improvements
$5,364,018
$230,487
$312,806
$234,637
$123,000
$123,000
$123,000
$6.510,948
3. The Finance Director is hereby instructed to transmit a certified copy of this
resolution to the County Auditor of Hennepin County, Minnesota.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 12th day of
September, 2022.
ATTEST:
Sandie Thone, CIty Clerk