09-11-2024 Council Minutes - Laserfiche WebLink

Home Browse Search

MINUTES CITY COUNCIL SEPTEMBER 11, 2024 ADOPT 2025 PRELIMINARY BUDGET & LEVY The City Administrator explained the Council is asked to consider the 2025 preliminary budget and levy. He explained that the city must adopt and certify the preliminary levy prior to September 30, noting that after that time the levy may be decreased but could not be increased prior to the final adoption in December. He stated that the Council will set the 2025 budget public hearing date tonight along with setting the 2025 debt service levy at zero. He reviewed the purpose and objective of the operating budget and explained how the Strategic Plan was used in creating the proposed budget. He reviewed the 2025 budget calendar and explained how property tax dollars are distributed between the different entities, as well as how the city spends the property tax dollars between its departments. He presented the estimated city property tax levy for 2025, which would be an increase of 9.51 percent. The Finance Director presented details on the tax rate and tax impact and summarized key impacts to the property tax levy. He also provided details on the general fund expenditures and revenue. The City Administrator reviewed some things that could be considered to reduce the levy. The Finance Director encouraged residents to take advantage of property tax refunds. Mayor Fischer recognized the amount of work and thought that goes into preparing the budget each year. He stated that the Council has met multiple times prior to this meeting to discuss elements of the budget and levy. He stated that this proposed increase is consistent with neighboring communities. Kwapick stated that there are a number of properties being developed and built, which will increase the tax base in future years to assist with deferring these costs. The City Administrator explained that once a certificate of occupancy is filed to the County, that property is added to the tax rolls one year after that time. He noted that there will be some properties joining the tax roll in 2025 from development that occurred in 2023. He agreed that there is continued development that will continue to increase the tax base in future years. T. Miller introduced the following resolution and moved its adoption: RESOL UTION NO. 2024-9-100 — APPROVING THE 2025 PRELIMINAR Y LEVYA T $5, 005, 686 (9.51 % INCREASE). The foregoing resolution was duly seconded by Kwapick. Ayes (5). Nays (0). Resolution declared adopted. T. Miller introduced the following resolution and moved its adoption: RESOL UTION NO. 2024-9-101— SETTING THE 2025 FINAL B UDGET PUBLIC HEARING FOR DECEMBER 4, 2024 AT 7.30 P.M. The foregoing resolution was duly seconded by Kwapick. Ayes (5). Nays (0). Resolution declared adopted. T. Miller introduced the following resolution and moved its adoption: 2