Laserfiche WebLink
Item 03 <br />Page 3 of 3 <br /> <br />The Mounds View Vision <br />A Thriving Desirable Community <br /> <br /> <br />Utility Funds <br />The 10 year plan is assuming a 4.5% increase in user charges for all funds each year. Staff will <br />continue to evaluate the funds annually and propose increases only when needed. It does appear <br />that the Water Fund will require a fairly significant rate increase. Does the Council have any <br />direction for staff regarding utility rates? <br /> <br />Additional Funding Mechanisms <br />There are additional funding mechanisms available to cities to take some of the burden off of the <br />property tax levy. Options such as Franchise Fees, Special Assessments and Local Sales Taxes <br />can bring in monies from exempt properties and non property owners. During the 2023 legislative <br />session, a moratorium was placed on local sales tax authorizations through the 2025 legislative <br />session. <br />Does the Council want staff to begin exploring additional funding mechanisms such as <br />Special Assessments? <br /> <br />Attachments <br />A. Project list <br />B. Vehicle & Equipment list <br />C. Sources and Uses of Funds <br />D. Powerpoint