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for any variations between the sets of numbers. It's important that the City request the correct amount of revenue that it needs because the county could technically take revenue generated by Lakewood and give it to another community if excess remains. However, this occurrence is very rare. It was also noted that the millage rate assigned for the Police and Fire pension funds are set by charter and do not require a vote in order to be raised. This rate will not change however due to increases in property valuation. The committee also spent time reviewing the Council Budget Priority Process. The deadline for Council form submission is September 3rd, which will give the body a month to consider items presented and compose a formal resolution adopting them. The goal is to have that resolution passed by Council's first meeting in October, which will give the administration 6 weeks to bake it into the budget. The budget will be introduced in mid-November. This process may become more complicated however due to impending changes in the administration and Council. As in 2008, multiple budgets may be required as temporary measures in order to get a balanced budget passed by the March 30th deadline. Contract negotiations with bargaining units are also a factor affecting the budget process. The committee is looking to have a mid-year revenue report meeting with Finance staff on July 29th or 22nd. Updates on the scheduling of that meeting will follow. Motion by Councilman O'Malley, seconded by President O'Leary to receive and file the report. Discussion: Councilman Bullock inquired about the adjustment of millage amounts for the Police & Fire Pension Fund via ordinance. Director Pae confirmed that millage for that fund would be adjusted via ordinance. All members voted in favor. Motion passed. 5. RESOLTION 9076-19 -A RESOLUTION to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force after the earliest period allowed by law, approving the Tax Budget of the City of Lakewood, State of Ohio for the year 2020,and authorizing the filing of same with the Cuyahoga County Fiscal Officer. (Referred to Finance Committee 6/3/19) Motion by President O'Leary, seconded by Vice President Anderson to adopt Resolution 9076-19. Councilman O'Malley noted that the Finance Committee voted to recommend adoption for the following three resolutions. All members voted in favor. Motion passed. Resolution 9076-19 adopted.