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CCAgenda_94Aug24
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CCAgenda_94Aug24
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The estimated growth in personal income in Minnesota over the coming <br /> calendar year is estimated at 4.5 <br /> The city's proposed 1995 property tax levy would bring the city's tax <br /> rate around 16.462 %.In 1994 the city tax rate was the fourth lowest in <br /> Ramsey County. (North Oaks, North St. Paul and White Bear Township <br /> were lower see attachments.) <br /> III. SPECIAL REVENUE FUNDS <br /> Special revenue funds are accounted separately from the general fund and are <br /> usually covered by fees for service. For example, the park and recreation <br /> special revenue fund includes fees from recreation programs to cover some of <br /> its expenses. Fees from the storm sewer bills are used to cover some of the <br /> costs of installing new storm sewer with a street improvement project. <br /> There are no recommended changes in the special revenue funds for 1995. <br /> However, the staff will review and, where appropriate, at a later time <br /> recommend changes in fees to cover costs of city activities. <br /> IV. FUTURE BUDGET WORKSHOPS <br /> Revisions to general fund and special revenue funds. <br /> Debt service funds. Review of the status of city's outstanding bonds and fund <br /> balances. <br /> Enterprise funds. Review of the sanitary sewer fund and rescue fund which are <br /> self- supporting city services. <br /> 5 year capital improvement program (CIP). Review of planned capital needs <br /> and expenditures over the coming five years. <br /> 7 <br />
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