Agenda Packets - 1990/06/18 - Laserfiche WebLink

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VQ-elvz" /�� TO: Mayor & Council FROM: Don Brager, Finance Director 1k DATE: June 13, 1990 SUBJECT: 1990 Truth In Taxation Timelines I recently attended a Legislative Update session sponsored by the League of Minnesota Cities. The 1990 Truth In Taxation timelines and requirements are the same as were approved by the Legislature in Special Session in 1989. They are: No later than: September 1 Cities certify proposed levy and budget to the County Auditor Cities select initial and continuation hearing dates November 10 Counties mail parcel specific notices of proposed property taxes to all property owners November - Cities publish newspaper ads of their December proposed levy and date of budget hearing November 15 - Cities hold public hearing(s) on their December 20 budgets and proposed levy. The budget and levy must be adopted at one of the public hearings. December 28 Cities certify final levies to the County Auditor A City may not increase it's proposed levy after certification to the County Auditor on or before September 1 but may reduce it at the public hearing on the budget. The levy certifed is, in effect, a maximum amount that may be levied. Proposed budgets are not restricted in this way. The final budget adopted at the public hearing may be increased or decreased from the amount certified in September. Public hearings of the various taxing jurisdictions may not be held on the same day. Since the City is the last to choose it's hearing date we may, as we did last year, have to hold the budget hearing(s) on a day other than Monday as the school board meets on the same Mondays each m.inth that we do and they choose first. The County Auditor is to notify us by August 20 of the dates that the County and Schocl District have chosen for their hearings. Last year we certified a maximum levy by September 1 and per