12/05/1991 Council Minutes - Laserfiche WebLink

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1 1 1 - 206 CITY OF LINO LAKES COUNCIL MINUTES DATE • TIME STARTED : TIME ENDED MEMBERS PRESENT: MEMBERS ABSENT : December 5, 1991 6:30 P.M. 7:27 P.M. Bisel, Bohjanen, Kuether, Neal, Reinert None Staff Members present: City Accountant, Paula Schloer; Financial Director, Mary Vaske; Public Works Director, Don Volk; Chief of Police, Dean Campbell; City Administrator, Randy Schumacher and Clerk - Treasurer Marilyn Anderson. The purpose of the Council meeting is to conduct the 1992 Budget public hearing. Mr. Schumacher explained the public hearing is required by state statutes and will be conducted according to statutory requirements. The purpose of the public hearing is to help property tax payers determine how the cost of operating the City will impact property taxes. Mr. Schumacher used the overhead projector and showed a graph illustrating how each property tax dollar is divided among each taxing authority (city, county, school district and other taxing authorities). Anoka County receives 25 cents, the school district, 50 cents, the City 20 cents and other taxing authorities, .05 cents. Mr. Schumacher also presented information illustrating how the 1992 Budget was formulated. He gave a brief introduction to the Truth and Taxation Law and introduced the City Accountant, Paula Schloer and Financial Director, Mary Vaske. Mr. Schumacher explained the preliminary 1992 Budget and a preliminary 1991 levy, collectable 1992 was presented to Anoka County before September 1, 1991. He noted that the final levy cannot be increased over the figure already given to Anoka County but it can be reduced. The preliminary 1992 Budget can be increased or reduced at this hearing. Anoka County used these two (2) preliminary figures to prepare the Notice of Proposed Property Taxes for 1992 that was sent to each landowner. Mr. Schumacher showed a sample of the notice and explained how the notice is misleading. He explained that the notice will be PAGE 1