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BA Amundsend IDR March 10 2022
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BA Amundsend IDR March 10 2022
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3/20/2023 1:32:23 PM
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3/20/2023 1:29:32 PM
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MV City Charter Commission
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> -----Original Message ----- <br />> From: Brian A [mailto:bvamundsen@yahoo.com] <br />> Sent: Tuesday, April 27, 2021 9:34 AM <br />> To: Mark Beer <mark.beer@moundsviewmn.org> <br />> Subject: Re: A couple of follow-up questions to the taxation and a <br />> request for packet information. <br />> Caution: This email originated outside our organization; please use <br />> caution. <br />> Mark, thanks for responding, but something is wrong with the <br />> calculation. What amount did you used for a starting and how many <br />> years? The calculation is simple compounding interest at 8%. After 9 <br />> years, with 8% compounding, the original amount is doubled. Even 7% <br />> compounding doubles the original amount in 10 years. <br />> As to what is realistic. The language suggested was "the greater of <br />> 8% or CPI". Additionally, the Council strategic statements indicate <br />> they are looking for a minimum of 8% increase for the tax levy. It <br />> seems to me the citizens should be considering the long term possible <br />> effect of the suggested language, especially if the economy is headed <br />> into hyperinflation situation. <br />> Thanks again. <br />> Brian Amundsen <br />> 763-786-5699 <br />> On Tue, 27 Apr 2021 12:42:00 +0000 <br />> Mark Beer <mark.beer@moundsviewmn.org> wrote: <br />> > 720.42 <br />3 <br />
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