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Mounds View City Council December 5,2011 Truth in Taxation Meeting Page 2 • Finance Director Beer then explained the general fund operating expenditures by function. He noted the 2012 budget did not have a lot of increases. He indicated the General Fund operating budget would increase by 1.08%. The 2012 General Fund capital expenditures will decrease by 38.06%. The total 2012 General Fund expenditures will decrease by $200,020 or 3.53% below 2011. Finance Director Beer discussed the City's revenues noting 71% were from general property taxes. He noted the State unallotted $1.1 million in Local Government Aid over the last four years. Even with this loss in State Aid, the property tax levy would remain the same as 2011. Staff then reviewed the tax dollars paid by a median valued home in Mounds View. He then reviewed how the tax dollars were disbursed between the County, City and School District. Mayor Flaherty noted the estimated tax forms were delivered from the County. He explained that the City pledged to have a 0%increase in the tax levy. However, there would still be a slight increase in taxes due to the changes made at the State level and the loss of market value homestead credits. He indicated that the Council has used fund balances to assist with the budget for 2012. Mayor Flaherty noted the City was spending $200,000 less in 2012 while maintaining the same level of services for its residents. Paul Sandell, 8457 Pleasant View Drive, indicated he was a long-time resident of Mounds View. He noted he had a 12% increase proposed for 2012 while his neighbors had only a 5% increase. Finance Director Beer stated the difference may be the valuation of his property in comparison to • his neighbors. He suggested Mr. Sandell speak further with Ramsey County regarding the valuation prior to March. Mayor Flaherty questioned the Council on how to proceed with the hearing. He explained that the Council would be discussing the budget further in a work session at 7:00 p.m. this evening. Council Member Gunn questioned if there were any changes to the proposed budget since the previous meeting. Finance Director Beer noted the revenues had been increased by $45,000 to reflect the revenues that would be received from Clear Channel for the installation of a dynamic display billboard along 35W. He noted the canine unit was also added to the budget. Council Member Mueller asked if the $18,000 in building permit revenues budgeted for 2012 was accurate and inquired what was received in 2011. Finance Director Beer stated the two senior building projects were still being processed and one should begin in 2012. He indicated the revenues from building permits were placed into the General Fund. Pe t, , Financ_. 1�..��ecto_ _. � r.�:;��ed the i_.�-�esary c_ .-- , �.-Yr: to the L-:‘,1 get due to the C -r_ Statement 54. He noted tin Levy RecL.ction Fund was included in the General Fund Eatance. Staff then discussed item:; within the budget that would be carried over from 2011 to be complete in 2012. Mayor Flaherty stated the Levy Reduction Fund was within the General Fund, but would remain separate. Finance Director Beer stated the Council made this clarification through a Resolution •