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unds View City Council <br /> ol Page Three <br /> dget Hearing December 9, 1992 <br /> Linke stated that the market values for the City of Mounds View went up 3.3% <br /> on the average, however, the capacity value for the City went down. Using <br /> the same rate the City will receive less of the taxpayers money than in <br /> 1992. <br /> McCarty stated that trying to explain the Truth In Taxation handout is very <br /> difficult to do. <br /> Samantha Orduno, City Administrator, reviewed the 1993 proposed budget by <br /> presenting it through transparencies and handouts. Orduno went through the <br /> information provided to the public. Orduno reviewed where the City receives <br /> revenues and what the revenues are spent on. <br /> Don Brager, Finance Director-Treasurer, reviewed what the City received of <br /> the taxpayers property taxes. Mr. Brager showed a video regarding all the <br /> services that the City provides. Brager pointed out the revenues that <br /> finance City services. These revenues basically are received from the taxes <br /> and state aids. > Brager stated that the tax rate will not change in 1993 . <br /> The City has tried to keep the tax rate relatively stable over the years. <br /> Mayor Linke stated that 1.5% of this year's was going to come out of <br /> reserves but last week the City was notified that it would be receiving a <br /> , <br /> cal government aid payment because of the Mega Mall doing better than <br /> ticipated. Because of the 1/2% sales tax that was added, the City is <br /> looking at approximately an additional $47,700 coming to the City this year. <br /> The City Council decided Monday night to take that money and put it in this <br /> year's budget so that reserve funds did not have to be used to buy down <br /> property taxes. The City's reserves are getting low. <br /> Don Brager stated that operational costs will go up in City water rates by <br /> $. 05 and approximately 4% in City sewer rates. The City's practice has been <br /> to hold a separate hearing on those funds. <br /> Mayor Linke thanked staff for a great presentation. <br /> MOTION/SECOND: Quick/Blanchard to adopt Resolution No. 4312 Adopting the <br /> 1993 City Operating Budget <br /> VOTE: 4 ayes 0 nays Motion Carried <br /> MOTION/SECOND: Line/Wuori to adopt Resolution No. 4313 Certifying the 1993 <br /> General Fund Property Tax Levy <br /> VOTE: 4 ayes 0 nays Motion Carried <br /> MOTION/SECOND: Quick/Wuori to adopt Resolution No. 4314 Certifying the 1993 <br /> 40 onds and Interest Tax Levy <br /> OTE: 4 ayes 0 nays Motion Carried <br />