09/10/2001 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES SEPTEMBER 10, 2001 Lakes to adopt and certify a preliminary tax levy for the coming year on or before September 15th of each year. Legislative action during the last session has made a large impact on the City's levy for the coming year. The legislature took over funding of general education and compressed the property class rates for all classes of property. The state legislature also eliminated Homestead and Agriculture Credit Aid (HACA) to cities for this and future years. This funding will be used to offset the state's cost of general education funding. This leaves a large funding gap for the city if services are maintained at their present level. The legislature has allowed cities to increase their levy to make us this funding gap. The proposed levy for Lino Lakes includes such an increase to make up this funding gap. This increase will be more than offset by a decrease in the school district levy, which will be made up by the state. The net result should be a decrease in property taxes in 2002. The proposed levy may be decreased when the final levy is adopted in December. The final levy can not be more than the proposed levy. The total levy includes dollars for the general operating budget as well .° do for general bonded debt. The levy will be further reviewed by the City Council and to ' be e ptember 15th and December 10th, for changes if necessary. Council Member Carlson moved to adopt Resol t on ®, e 1 -- 132, as presented. Council Member Dahl seconded the motion. Motion carrie Resolution No. 01-132 can be fJerk's office. Consider Resolution No. . ing a Truth in Taxation Hearing for the 2001 Tax Levy Collectible in 2002, Role finance Director Rolek advised all government entities are required to hold Truth in Taxati . i o receive public input on the proposed levy and general operation budget. Cities may not ` eir hearings on the same dates as Counties and School Districts. Due to the extended 2001 legislative session, the State Legislature waived the requirement of a Truth in Taxation hearing for this year. The reason for the waiver is that the extended legislative session caused a delay in the processing of tax and specific property notices, and the public will not receive this information until mid to late December. However, although it is not required, the City Council has indicated a desire to hold a Truth in Taxation hearing. Monday, December 10, 2001, at 6:00 p.m. is proposed to be the Truth in Taxation hearing date, with final adoption of the 2001-02 tax levy and 2002 general operating budget immediately following the hearing. Council Member O'Donnell moved to adopt Resolution No. 01-133, as presented. Council Member Dahl seconded the motion. Motion carried unanimously. Resolution No. 01-133 can be found in the City Clerk's office. 18