09/25/2006 Council Packet - Laserfiche WebLink

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COUNCIL MINUTES DRAFT SEPTEMBER 11, 2006 1 Council Member O'Donnell moved to close the public hearing at 6:41 p.m. Council Member Reinert •2 seconded the motion. Motion carried unanimously. 3 4 Council Member O'Donnell moved to approve Resolution No. 06 -146, as presented. Council 5 Member Carlson seconded the motion. Motion carried unanimously. 6 7 Consider Resolution No. 06 -142, Adopting Proposed 2007 General Operating Budget — Finance 8 Director Rolek advised the budget proposed for 2007 is $9,609,245, an 11.64% increase from the 9 budget adopted for 2006. The state's re- implementation of the market value homestead credit aid for 10 2007 provides the City the opportunity to meet its growing needs for infrastructure maintenance and 11 maintain municipal services at current levels. The City Council, after long discussions and a number 12 of compromises, has crafted a budget that meets these needs and lowers the City's tax rate to the 13 taxpayers. 14 15 Finance Director Rolek noted the depai liiiental budgets within the proposed budget may be further 16 reviewed by the City Council and staff between September 11 and December 11, 2006, for changes, if 17 needed. 18 19 Council Member Reinert moved to approve Resolution No. 06 -142, as presented. Council Member 20 Stoltz seconded the motion. Motion carried with Council Member Carlson voting nay. 21 22 Consider Resolution No. 06 -143, Adopting Preliminary 2006/2007 Property Tax Levy — Finance 23 Director Rolek advised Market Value Homestead Credit will be re- implemented by the state for 2007, 24 allowing the City Council to respond to growing needs while lowering the City tax rate. The 25 proposed budget incorporates two staff positions (one of which is a promotion) and continues the 26 programs for the maintenance of the City's capital equipment and infrastructure. With these changes 27 to the budget, the levy as proposed will increase by 6.64% over 2006, while the tax base grew by 28 1 11/37 %. The proposed levy is expected to result in a City tax rate of 40.047% for 2007, down from 29 41.362% in 2006. 30 31 Finance Director Rolek stated the proposed levy is the City's maximum levy for 2006/2007. The 32 final levy may be decreased, but cannot be more than the proposed levy when it is adopted in 33 December. He noted the total levy includes funding for the general operating budget, general bonded 34 debt and tax abatement under agreements between the City and Target and Kohl's. 35 36 Council Member O'Donnell moved to approve Resolution No. 06 -143, as presented. Council 37 Member Reinert seconded the motion. Motion carried with Council Member Carlson voting nay. 38 39 Consider Resolution No. 06 -144, Setting Truth -in- Taxation Hearing Date — Finance Director 40 Rolek advised Resolution No. 06 -144 would set Monday, December 11, 2006, 6:00 p.m. as the date 41 for the City's Truth in Taxation hearing. A continuation hearing, if needed, would be held Monday, 42 December 18, 2006, at 6:00 p.m. with final adoption of the 2006 - 2007 tax levy and 2007 general 43 operating budget immediately following the continuation hearing on December 18, 2006. 44 • • 3 fFormatted: Centered