12-15-2014 Council Minutes - Laserfiche WebLink

Home Browse Search

MINUTES CITY COUNCIL DECEMBER 15, 2014 community services (12%), public works (11%), and infrastructure improvements (6%). For residential properties with no valuation change, property owners will see a 1.99% decrease in their property taxes given the corresponding decrease in the City's tax capacity rate caused by growth of the tax base. Residential properties with a 5% valuation increase will see a 2.91% increase, and residential properties with a 10% valuation increase will see a 7.81% increase. With regard to the 2015 total property tax distribution on a median valued home, the County accounts for 49.82% of the tax bill, the City 26.15%, School District 14.54%, and miscellaneous jurisdictions 9.49%. In looking at what next year will bring, the City Administrator reported that the new maintenance building will be opening and the City will have the impact of operating costs for this facility. There could be changes in Local Government Aids (LGA); the Pinetree Pond project will be completed, therefore, building permit revenue from this development will end; the City will consider the sale of the old Public Works Building; redevelopment of the Owasso/Woodlyn area may move forward; and there will be the need to plan for staffing changes. The Administrator concluded his presentation indicating that the 2015 Budget will be posted on the City's website. He noted that this presentation is also available for viewing at www.ctv15.org. He indicated that if property owners have any questions, they can contact City staff. Montour asked if there was anyone from the general public present wishing to continent on the proposed 2015 Budget. There was no one from the general public present wishing to comment on this matter. Upon motion by Boss, seconded by Montour, the public hearing was closed. McGraw pointed out the tax rankings of Ramsey County cities noting the impact that LGA would have on that ranking if these cities used most or all of their LGA to buy down the levy. The City Administrator pointed out that there are many cities that receive more LGA than Little Canada and there are cities that receive no LGA. He indicated that most cities try to minimize their General Fund dependence on LGA given the volatility of these funds. 8