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City Council to hold budget hearing Oct. 21

Edina, Minn., Oct. 8, 2008 -- The Edina City Council will hold a public hearing on the City’s proposed 2009 budget at 5 p.m. Tuesday, Oct. 21.

The proposed budget anticipates a 7 percent increase in the City’s tax levy. The preliminary expenditure budget, including all debt levies, is $33 million. The increases are due to increases in the General Fund and debt service levies.

In addition to increases in personnel costs, the budget also includes amounts needed to repay bonds issued for equipment and the relocation of the Public Works facility. Significant increases in heat and fuel, salt and asphalt are also anticipated.

Truth-in-taxation hearings and budget adoption are scheduled for December.

For more information on the proposed budget, contact the City’s Finance Department, 952-826-0366. The proposed budget can be viewed online at www.CityofEdina.com.