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• <br /> 2. Cities with populations of over 500 but not more <br /> than 2,500 <br /> Minn.Stat.§ Cities with populations of over 500, but not more than 2,500,that are required to hold <br /> 275.065,subd. <br /> 5a(e). hearings must post a notice of their proposed tax levy hearing in the three most public <br /> See Appendix H places in the city.No newspaper advertisement is required for these cities.The <br /> for sample form. prescribed form of the posted notice differs from the published notice required of <br /> larger cities in that it does not require listing specific budget,tax and rate information. <br /> H. The TNT hearing process <br /> Minn.Stat.§ Cities over 500 in population,except those cities receiving an exemption described in <br /> 275.065,subd.6. Section D above are required to hold a set of TNT hearings to present the proposed <br /> levy and budget, and provide an opportunity for the public to comment and make <br /> recommendations.Cities can use the hearing process as an opportunity to educate and <br /> inform their voters.Beginning in 2002,the hearing requirement that applies to cities <br /> over 500 population is modified to provide an exemption if the proposed levy increase <br /> is less than inflation as defined by the implicit price deflator(IPD)for government <br /> consumption expenditures.The IPD is estimated to be 0.76 percent for 2003 taxes. <br /> Any city that proposes an increase less than that amount would have otherwise been <br /> • <br /> exempt from the hearing requirement. <br /> See Dept.of The Dept. of Revenue's web site includes a table that provides the levy increase <br /> Revenue: city. Any proposedlevy � <br /> http://www.taxes threshold for each increase above this threshold would require <br /> .state.mn.us/prop a public hearing. <br /> tax/propinfo/tnt/t <br /> nt main.html <br /> Cities should consider the following ideas for the hearing: <br /> • Include an executive summary of the budget,highlighting services or budget <br /> goals. <br /> • Review last year's major accomplishments by explaining objectives and results. <br /> • Explain how much of each property tax dollar goes to the city versus the county <br /> and school. Use a graph to show the portion of tax dollars going to the city. <br /> • Explain proposed levy and property tax rates. <br /> • Help citizens understand what the city tax proposal means for them, and clearly <br /> show the difference between last year's and the proposed budget. <br /> • Apply the budget to future goals of the city. <br /> • Identify the tough decisions made to balance the budget, and discuss the future <br /> implications. <br /> • Leave time for questions and answers. <br /> Guidelines for Preparing City Budgets 2003 25 <br />