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0 To officially adopt the fmal levy and budget,the city council must pass a resolution at <br /> a time that is specifically convened for the purpose of the official adoption TNT <br /> hearing(subsequent hearing).Again,time should be allowed for public comment and <br /> questions.Failure to follow these steps may result in the city being out of compliance <br /> with the TNT laws. <br /> I. Certification of officially adopted levy to <br /> the county auditor <br /> Minn.Stat.§ After official adoption of the fmal levy and budget,cities must certify their fmal <br /> 275.07,subd.1. property tax levies to their county auditors on or before Dec. 30(five working days <br /> after Dec. 20). As previously discussed,while this amount of the proposed levy, only <br /> under a limited set of circumstances may the fmal levy be higher than the proposed <br /> levy. <br /> J. Compliance requirements and <br /> enforcement <br /> Minn.Stat.§ State law authorizes the Dept. of Revenue to document compliance with the TNT <br /> 275.62.• requirements. Cities required to hold public TNT hearings must complete Form TNT- <br /> 2002 and return it when the final levy is certified to the county. Cities whose final levy <br /> exceeds their proposed levy due to an allowable exception(add-on levy)must also <br /> complete"Supplement to PT Form TNT-2002"with detailed information about their <br /> additional levy. <br /> The deadline for submitting this compliance information to the Dept. of Revenue is <br /> Dec. 30.The commissioner of revenue is responsible for determining whether local <br /> governments have fully complied with the TNT laws. If a city is found to be <br /> "substantially out of compliance"the city's property tax levy is limited to the amount <br /> levied in the previous year.In other words,no increase in the levy is allowed. <br /> K. Shared costs to administer the TNT <br /> process mandate <br /> All costs incurred in the TNT process must be paid by the participating local <br /> governments. State funding was provided only during the first full year of the TNT <br /> program in 1989--a$1.84 million general fund appropriation. <br /> 0 <br /> Guidelines for Preparing City Budgets 2003 27 <br />