06-03-2010 Charter Packet - Laserfiche WebLink

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-' 'o: Lino Lakes Charter Commissioners From: Commissioner Trehus Subject: Tax Cap Information for 6/3/10 Meeting Date: 5/28/10 Dear Commissioners, It may be advantageous to review some supporting information, so I have taken it upon myself to offer these materials in preparation for our upcoming meeting. In addition to this document, there are 5 files attached to this e-mail (so there are a total of 6). It is my hope that the Commission's officers will provide this information to any members who are unable to receive it via e-mail, and provide hard copy at the meeting. The Adobe file "2011_Levylimits--LMC.pdf' is a summary of the tax cap placed on cities by the Minnesota Legislature that was prepared by the League of Minnesota Cities. Currently set to expire after next year, this also represents yet anotherapproach to capping local taxes, in addition to those in your packets from the City Charters of Mounds View, Fridley, and West St. Paul. The Adobe file "2008-2010 Lino Levies. • f"as generously provided by the City's Finance Director and our City Clerk. Primarily, this shows us how much the City Council voluntarily reduced spending during last fall's budgeting process. (Minnesota law actually allowed the City an increase of eight -tenths of one percent). It also fills in the missing data, at least in Lino Lakes, for 2009 and 2010. Data that supports why Lino Lakes might need a tax cap measure is shown in the other 3 files. Two of them more or less show that before 2010, the City increased expenditures at a rate well in excess of population growth. The "Comparison" JPEG looks at taxes in growing twin city suburbs, and the highlighted bar for Lino Lakes has an adjustment made to the numbers, which are also represented at the bottom of the graphic without that adjustment. See you Thursday!