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<br />services are provided by the Ramsey County Sheriff’s Department and demand the largest share
<br />of our resources at 39.02% of the total General Fund budget. More details are provided under
<br />the Expenditures section of this memo under Contractual Services.
<br />The City has been proactive in identifying cost-effective ways to deliver services to the community.
<br />The City has traditionally contracted for its water supply, police and fire protection, and IT services
<br />since it is cost-effective to do so. This 2023 Operating Budget continues to provide these services
<br />through annual or multi-year contracts.
<br />Community Trends
<br />
<br />According to the 2020 Census, the population of Little Canada was 10,819 living in 4,601
<br />households.
<br />The Ramsey County Assessor determines the market value for all property in the City. It is this
<br />market value that is applied to the class rates assigned by the State and is used to determine a
<br />property’s taxable value. The County estimates the City’s taxable value for taxes payable in 2023
<br />is 14,529,446 which is an increase of 13.34% from prior year.
<br />Fiscal disparities is a tax-base sharing program in the metro area. It reduces large differences in
<br />property tax wealth between communities with a lot of commercial-industrial tax base and those
<br />with little. The goal of the program is to promote orderly and efficient growth, improve equity,
<br />strengthen economic competitiveness, and encourage land uses that protect the environment and
<br />increase livability.
<br />o Contributions to the shared pool are based on 40% of the growth in commercial,
<br />industrial, and public utility property tax base since 1971.
<br />o Distributions of the shared pool are based on market value of all property tax per
<br />person, compared to the average market value per person. Cities with less market
<br />value wealth per capita receive a larger distribution from the pool than cities with
<br />greater market value wealth per capita.
<br />
<br />Actual Final Final Est. Final
<br />Tax Capacity % Tax Capacity % Tax Capacity % Tax Capacity %
<br />Values Change Values Change Values Change Values Change
<br />2019/2020 2020/2021 2021/2022 2022/2023
<br />TAXABLE VALUATIONS:
<br /> Real Estate 14,166,929$ 4.92% 15,498,153$ 9.40% 15,748,259$ 1.61% 17,490,909$ 11.07%
<br /> Personal Property 189,565 0.91% 206,261 8.81% 108,410 ‐47.44% 112,262 3.55%
<br /> SUBTOTALS:14,356,494 4.87% 15,704,414 9.39% 15,856,669 0.97% 17,603,171 11.01%
<br /> Fiscal Disparities:
<br /> Contribution (2,087,187) 4.49% (2,053,903) ‐1.59% (2,321,589) 13.03% (2,268,507.00) ‐2.29%
<br />
<br /> Tax Increment (547,681) 1.33% (718,870) 31.26% (715,299) ‐0.50% (805,218.00) 12.57%
<br /> TOTALS:11,721,626$ 5.11% 12,931,641$ 10.32% 12,819,781$ ‐0.87% 14,529,446$ 13.34%
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