Laserfiche WebLink
STAFF REPORT <br />TO: Mayor Keis and Members of City Council <br />FROM: Chris Heineman, City Administrator <br />Brenda Malinowski, Finance Director <br />DATE: December 12, 2019 <br />RE: 2020 Budget <br />ACTIONS TO BE CONSIDERED: <br />1.The Council is asked to hold a public hearing as part of the 2020 budget process (staff will have <br />a brief presentation). <br />2.Motion to adopt Resolution 2019-12-138, adopting a 2020 Budget in the amount of <br />$13,982,800. <br />3.Motion to adopt Resolution 2019-12-139, approving the 2019 Tax Levy , Collectible in 2020 <br />in the amount of $3,479,283 <br />4.Motion to approve the 2020 salary wage schedule <br />BACKGROUND: <br />A preliminary tax levy increase of 4.99% was adopted by the City Council on September 25th. The <br />final levy may not be increased from the preliminary levy, but the final levy may be reduced from the <br />preliminary levy. The preliminary levy was used by Ramsey County to prepare the notices of <br />estimated property taxes that were mailed to the property tax owners in November. Those notices <br />listed a public Truth in Taxation (TNT) hearing on the 2020 budget to be held at tonight’s meeting. <br />Property Tax Levy: <br />For 2020, the final proposed tax levy is $3,479,283 or 4.193% more than the 2019 levy. <br />Levy Component Final 2019 <br />Preliminary <br />2020 <br />Final Proposed <br />2020 <br />$ Increase <br />(Decrease) <br />from 2019 <br />% <br />Increase <br />(Decrease) <br /> General Fund $3,021,358 $3,223,760 $3,197,083 $175,725 5.82% <br /> Fire Equipment Fund 160,700 160,000 160,000 (700) -.44% <br /> Infrastructure Fund 157,200 122,200 122,200 (35,000) -22.26% <br />Gross Levy $3,339,258 $3,505,960 $3,479,283 140,250 4.193%