12/01/1993 Council Minutes - Laserfiche WebLink

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32k TRUTH IN TAXATION PUBLIC HEARING DECEMBER 1, 1993 preliminary 1994 Operating Budget and a preliminary 1993 tax levy collectable in 1994 in August, 1993. These preliminary figures were the best guesses that could be made at that time and were used by Anoka County to prepare the parcel specific property tax information that was mailed to each property owner. The property tax statement showed the impact of the preliminary figures on the property taxes. Since that time the City Council has been refining the budget and has reduced the preliminary levy by $80,000.00. Mr. Schumacher explained that the recommended levy is $1,955,862.00 which is $179,493.00 more than the 1993 levy. Other levies to pay City indebtedness bring the total recommended levy to $2,268,950.00. The total increase in the levy is expected to be $194,963.00. Mr. Schumacher outlined examples of where this additional levy will be spent. He noted that the recommended levy will result in no property tax increase for landowners in the City unless the property owner has had an increase in the value of the property. Mr. Schumacher continued his presentation by giving an estimate by percentage of where each property tax dollar is spent. School districts take nearly one half of the tax dollar, the City takes approximately 22.2% and Anoka County takes 24.6% and the balance goes to other taxing entities. Mr. Schumacher presented a six year history of taxes on a $115,000.00 home. He noted that in the past six years, the City portion of the property taxes have increased approximately $10.00 per year. The 1994 City portion of the property taxes is not expected to be any more than in 1993. Mr. Schumacher presented the 1994 Operating Fund Expenditure Budget. He noted that Public Safety (Police and Fire) expenditures take about 33% of the total Expenditure Budget. General Government (Administration, government buildings, etc.) take about 30% of the total Expenditure Budget, Parks/Recreation/Forestry takes about 12%, Public Works takes about 17.5%, Economic Development takes about 3.3%, Solid Waste takes about 1.3% and all other areas take the balance of approximate 2.7%. Mr. Schumacher outlined specific increases in the 1994 Operating Budget Expenditure Fund. The areas of increased expenditures include Engineering/Planning, Government Buildings, Police Department, Public Works, Solid Waste Abatement, Recreation/Parks, and Economic Development. It was noted that in some areas such as Engineering/Planning, the increase in spending will be offset by additional revenues generated by the added PAGE 2 1 1 1