09-08-2021 Workshop Minutes - Laserfiche WebLink

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WORKSHOP MINUTES CITY COUNCIL SEPTEMBER 8, 2021 to the next phase for consideration of a TIF District for the proposed development project by Atlas Real Estate Management on Spruce Street. PART 2: PRELIMINARY REVIEW OF 2022 PROPOSED BUDGET & LEVY The Finance Director reviewed the proposed personnel costs for 2022 and how it is determined. She explained the changes that have been made to the property tax levy since the last Council discussion and showed the preliminary levy is now at 4.62%. She showed how Little Canada's amount compares to other cities in Ramsey County. The City Administrator explained proposed ways to reduce the levy and noted that the Council can cut services or specific line items at any time. The Finance Director reviewed the Local Government Aid (LGA) amount that Little Canada will receive next year, and stated that she continues to put 80% of the LGA received into the Capital Improvement Fund and only 20% into the General Fund in order for that fund to not be reliant on LGA. She stated that the City will be receiving payments for the next nine years due to the sale of the cell towers, and where that money could be directed. Keis asked the Council if 4.62% for the preliminary levy is acceptable. Fischer stated he feels this number could be acceptable, but would still like to see what a 3.5% increase would look like without creating a hardship. Keis reminded the Council that the preliminary levy amount must be adopted at the next Council meeting. The City Administrator recommended adding a small amount to the Council contingency budget and setting the preliminary levy at 5.0% in case there are additional changes needed before the final levy is set in December. There beiniz no further business, the meeting was adjourned at 7:29 p.m. �l Jo T. Keis, Mayor Attest: Christopher Heine an, City Administrator 2