Agenda Packets - 2023/12/11 - Laserfiche WebLink

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I PROCEEDINGS OF THE MOUNDS VIEW CITY COUNCIL 2 CITY OF MOUNDS VIEW 3 RAMSEY COUNTY, MINNESOTA 4 5 Truth In Taxation Meeting 6 December 4, 2023 7 Mounds View City Hall 8 2401 Mounds View Boulevard,Mounds View,MN 55112 9 6:00 P.M. 10 11 12 1. MEETING IS CALLED TO ORDER 13 14 2. PLEDGE OF ALLEGIANCE 15 16 3. ROLL CALL: Cermak, Gunn, Lindstrom, Meehlhause. 17 18 NOT PRESENT: None. 19 20 4. APPROVAL OF AGENDA 21 A. Monday,December 4, 2023, City Council Agenda. 22 23 MOTION/SECOND: Meehlhause/Gunn. To Approve the Monday, December 4, 2023, agenda as 24 presented. 25 26 Ayes—4 Nays—0 Motion carried. 27 28 5. COUNCIL BUSINESS 29 30 A. Truth in Taxation Presentation. 31 32 Finance Director Bauman reviewed the proposed 2024 budget in detail with the Council indicating 33 it was the City's mission to provide high quality public services in a fiscally responsible manner. 34 She discussed the variables that impact tax bills and described the process the City follows in order 35 to approve its budget and tax levy. She noted this meeting would allow the public a time to voice 36 concerns and explained the final budget would be approved by the Council at their Monday, 37 December 11, 2023 meeting. 38 39 Finance Director Bauman explained the proposed budget assumes a property tax levy increase of 40 6.5%. She reported the General Fund is the City's operating fund and accounts for most city-wide 41 activities. She provided the Council with a summary on General Fund revenue and expenditure 42 changes, noting the use of fund balance has decreased. She described how property taxes were 43 broken down between the City, county and schools, as well as defining how the City utilized its 44 tax dollars. She compared the City's proposed levy to the levy of comparable communities. Staff 45 discussed how the proposed levy would impact the median value home owner and asked for 46 comments or questions from the City Council.