Agenda Packets - 2019/12/09 - Laserfiche WebLink

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Mounds View City Council December 2, 2019 Truth in Taxation Meeting Page 2 by Ramsey County and the School District. He compared how Mounds View’s property taxes 1 compared to neighboring cities. He reported the City strives to be a good steward of public 2 resources by being thoughtful with expenditures that were linked to the City’s mission and 3 priorities while also working to properly maintain the City with a commitment to ongoing 4 improvement. 5 6 Council Member Meehlhause requested further information to the per capita numbers. Finance 7 Director Beer reported this would be a number (such as the proposed levy) divided by the City 8 population. 9 10 Council Member Gunn questioned how long the City would be paying on the Public Works 11 bond. Finance Director Beer stated this would be a 20-year bond. 12 13 Mayor Mueller asked how many more years of street improvement projects the City had. 14 Finance Director Beer estimated the City had three or four more years of street improvement 15 projects depending on how the projects were combined. 16 17 Council Member Meehlhause inquired how much longer the City would be paying on the Fire 18 Department bonds. Finance Director Beer indicated the City would be paying for three years on 19 one fire truck and four years on the other fire truck. He noted the City would be done paying for 20 Station 3 in 2025. 21 22 Council Member Hull asked if there would be any benefit to the City to pay down the Public 23 Works bond early. Finance Director Beer reported there would not be a benefit to the City given 24 the low interest rate that was received for the bond sale. 25 26 Further discussion ensued regarding the school district bond referendum. 27 28 Mayor Mueller asked if the Council was interested in reducing the levy from 4.63% to 3.63% in 29 order to give residents a slight break in 2020. 30 31 Council Member Meehlhause commented he would need to find $50,000 to take out of the 32 budget before he could support this recommendation. Finance Director Beer reported the Council 33 would be discussing the budget at the worksession meeting which would be held after the Truth 34 In Taxation hearing. 35 36 Mayor Mueller stated one option would be to reduce the EDA budget by $50,000 for 2020. 37 38 Council Member Gunn recommended this be further discussion at the worksession meeting. 39 40 Mayor Mueller opened the Truth in Taxation meeting for public comment at 6:31 p.m. 41 42 John Wiggins, 5053 Brighton Lane, explained he was a senior in Mounds View. He questioned 43 how many residents in Mounds View were 65 or older living on social security. He reported his 44 total tax bill for 2020 would go up 14% and his social security would only be going up by 1.6%. 45