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• <br /> 1111111) Mounds View Charter Commission Date: April 3, 2006 <br /> Charter Updates; Category 3 Items; Chapter 7 <br /> Revision— Draft 20060403 Page l of 3 <br /> Objectives: <br /> 1) To update and correct language in 7.03 for system of taxation <br /> 2) In 7.03 to specify an annual limit to tax levy increases without voter referendum approval. <br /> 3) To update and correct language in 7.10 for when the City may issue obligation bonds. <br /> 1 CHAPTER 7 <br /> 2 TAXATION AND FINANCES <br /> 3 Section 7.01 Council to Control Finances. (no changes) <br /> 4 <br /> 5 Section 7.02 Fiscal Year. (no changes) <br /> 6 <br /> 7 Section 7.03. System of Taxation. .:'-- ; -- - • - -:-- • • •; ; • • --: • ; s• - • <br /> 8 ' ; .. -- ;. - - : : : • : • : . -. -- . -- . <br /> 9 taxation. This authority includes the power by ordinance to assess, levy, and collect taxes on all <br /> 10 .; - ; ;:' - ; . ; ; : . : ; : • - .. ' . ': : . - - <br /> 12 . •.iv' ion 1 T - i •fM• *- h.l - in ..."•• • h- sow- .n -. •- <br /> 13 ii _ -r . i• .•w- _•r• 's-s h- il' - •r.'..n - .r• •. .r- • r.i - non- . . . '• <br /> 14 . _r_ ..0 • ta- .w •fth- - • Mil t- • . i - es i .s • a i.1-r •ss- r. - ii- .n. <br /> 15 • 1. •z- h h- - .- . - u• -n.. i• • •- . m-aa •-r in - • - . •s• -. <br /> 16 • -.in.n - T - i sow-r • r.i - mon- .- •i. . .._r wi 'i • • for <br /> 17 general City purposes shall not exceed in collected dollars, a tax levy that is greater than the prior <br /> • 18 year tax levy increased by an inflationary index plus 3% or a maximum of 8%, whichever is least. <br /> 19 Said index shall be the Consumer Price Index for all Urban Consumers in the Minneapolis, St. Paul <br /> 20 i.• •s• ' ,1 . _ .-fin-. • h- D-.. m-• •fL.••r : -r-. . • L.•• ' • <br /> 21 <br /> 22 Subdivision 2. The City Council may also le a tax against real and personal Dronert = <br /> 23 within the City in excess of the limit set in Subdivision 1 provided the Council shall: <br /> 24 <br /> 25 A) A••• . r- •1. i•, :- 1. 'n' h- - - . i for . ...i i•n.l .x .-v 1 . _ 5- ' in •- <br /> 26 purposes for which such additional tax levy is required. <br /> 27 <br /> 28 B) . e , 11 i he, -in._. ..'. _. a hr-- _ -- ' . .•I' a-. no i - is a- ' of '.l <br /> 29 ...- i -w 1- i-r .no i w•• i - • oath h- an -1 . • i.• r- • , ion <br /> 30 described in Subdivision 2A <br /> 31 <br /> 32 C) As•. . -r h . . • i h-.r'n_ . ',L.in 1. r- • . '• • .n .f rm. ' - • - of a <br /> 33 least four(4 m- •-rs • h- • .n it ..Il• . - inn at the next regular municipal <br /> 34 election. <br /> 35 <br /> 36 D) If the .••itional t.x ley resolution is then a,•roved b the vo er's under Chaster 4 of thi <br /> 37 _ -r -_ 1• h. •- im.l•m- -. i - f• 1• ' . fi 41 •r1. - .a- <br /> 38 specified in the resolution. <br /> 39 <br /> 40 . ••' i ion : • -rf-- or .• 1,11- _ r-. -. •r ' . •. •- • . h- Ilii - for <br /> 41 in Subdivision 1, shall require voter approval as stipulated in Subdivision 2. <br /> • <br /> City of Mounds View <br />