Agenda Packets - 1987/08/10 - Laserfiche WebLink

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Page 9 August 10, 1987 are estimated to be $1,013,652 in 1988, This is an increase of 8.13% over 1987's levy of $937,458. This is greater than would be expected given the limitation of a 38 increase to the City's levy limit base pursuant to State Law. The reason is the relationship of local government aids and limited property taxes. he City's levy limit base is the sum of the City's previous property tax levy plus local government aids. This base is adjusted for population growth and infiation. The City's population increased 28 from 1986 to 1987 and an iseflation increase of 38 was permitted. Thus, our levy limit base was increased by 58.for 1980. The City's property tax limit is obtained by subtracting certified 1908 local government aid from the adjusted levy limit base. Certified 1988 local government aid is Lhe same amount as that scheduled to be received during 1987. Because the levy limit base (of which local goverment aids is a part) was increased but local government aids remained constant., property taxec thus increase by a rate greater than the rate at which the levy limit base increased. Collections of delinquent taxes and penalties and interest are estimated to be the same in 1988 as in 1937. Licenses and permits account for 'fees charged for the iesuaace of various types of business licenses and building permits. Estimated license fees are $53,801 for 1988 compared to $50,785 11, 1987. Permits are estimated to be $38,000 compared to $39,700 for 1987. Fines 6 Forfeits account for the City's share of Ramsey County Municipal Court fines and Highway patrol fines plus Administrative Offenses. Estimates of Court ffinesand tHighway patrol fines are based upon average amounts r he past few years. Administrative Offenses are based upon past collections as well as adjustments that have been made to fines for various offenses. Total fines qnd forfeits are estimated to be $6,091 more in 1988 than 1987. Intergovernmental Revenues record various revenues received from the State of Minnesota and Ramsey County. Estimated 1988 Homestead Credit Aid is included in Account 3010, Current Ad Valorem Property Taxes and will be transferred to Account 3315, Homestead Credits when available from Ramsey County. Local Government Aid in 1988 will be the same amount received in 1987. Police Aid is expected to increase by approximately $6,000 in 1988 according to information provided by the League of Minnesota Cities. Minnesota State Aids -Streets and County State Aid is expected to remain approximately the same in 1988 as in 1987. Total Intergovernmental Revenues of $675,957 are expected in 1988 compared to $66n,365 for 1987. Current Services record Planning from various customer. services. 1988 are estimate' to be $3,800. Commission fees as well as fees Current Services revenues for This is an anticipated increase of $1,400 from 1987 estimated revenues of : .+20•