10-14-2010 Charter Packet - Laserfiche WebLink

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WEST ST. PAUL CITY CHARTER CHAPTER VII TAXATION AND FINANCES Sec. 7.09. Subd. 2. Limitations on Property Tax Levy. The total levy in property taxes for General Fund purposes shall be limited as follows: (a) For taxes payable in the calendar year 2007, the General Fund property tax levy plus the state -certified Local Government Aid (LGA) from the State of Minnesota, shall not exceed $360 per capita for each resident of the City. (b) For each year thereafter, the $360 per capita limit shall increase each year based on the Implicit Price Deflator (IPD) as published by the Bureau of Economic Analysis as of March 31st of the year prior to the year in which the taxes will be payable. The IPD increase will be applied to the per capita limit from the previous year to determine the limit of the total combined amount of taxes and LGA. From this total combined amount, the state - certified LGA for the next year shall be deducted, resulting in the tax levy limit for the General Fund for the next year. To determine the population, the Finance Director shall use the United States decennia census figure from the most recent U.S. Bureau of Census, unless a more recent estimate is available from the demographer's office of the Metropolitan Council. Section 7.04 thru Section 7.14 - Ordinance 97-14 Section 7.10 Subd. 1— Ordinance 99-25