HomeMy WebLinkAboutChapter_703_Revs_20210624_BAMounds View Charter Commission Revision – Draft 20210624
Chapter 7, Section 7.03
Date: June 24, 2021 Page1 of 2
Objectives:
1)To update and correct language in 7.03 for system of taxation
2)In 7.03 Subdivision 1 to increase the annual tax levy limit and avoid future Fund Balance deficits.
3)In 7.03 Subdivision 2 to allow a super majority of the Council to approve the higher tax levy cap if
necessary to meet Fund Balance needs and avoid State Auditor rules about the Fund Balance.
CHAPTER 7
TAXATION AND FINANCES
Section 7.03. System of Taxation. Subject to the state constitution, and except as forbidden by it
or by state law, the Council shall have full power to provide by ordinance for a system of local taxation.
This authority includes the power by ordinance to assess, levy, and collect taxes on all subjects or objects
of taxation except as limited or prohibited by the state constitution, by this Charter or by state laws
imposing restrictions upon the City irrespective of Charter provisions.
Subdivision 1. The City's annual resolution to levy ad valorem taxes (raising money against real
and personal property) shall not exceed the lesser of the following formulas; either the prior year tax
levy dollar amount increased by a maximum of 5%6%, or CPI (Consumer Price Index) plus 2%.
Additionally, following Subdivision 2 of the chapter, the City's annnual resolution may levy ad
valorem taxes above 6% but not exceed 8%, The CPI shall be the 12 month average of the most
recently published data for all Urban Consumers in the Minneapolis, St. Paul metropolitan area, as
defined by the U.S. Department of Labor, Bureau of Labor Statistics.
Subdivision 2. The City Council may levy a tax against real and personal property in excess of
the limit set in Subdivision 1 provided the Council shall:
A)Adopt a resolution declaring the necessity for an additional tax levy and specifying the purposes
for which such additional tax levy is required.
B)Hold a public hearing upon at least 10 days posted and published notice in the City's official
newspaper, City newsletter, and, if available, the City web site, setting forth the contents of the
resolution described in Subdivision 2A.
C)After such public hearing, adopt by an affirmative vote of at least four (4) members of the
Council such resolution language which shall not exceed 8% and iswas stated in the readily
understandable and a published summary of such resolution. will be the ballot question for the
electorate at the next regular municipal election or special election, per this Charter's Section
4.04, as amended, prior to the final levy approval.
D)If the resolution exceeds 8% and is published, then after such public hearing, the Council shall
adopt by an affirmative vote of at least four (4) members of the Council such resolution
language which is readily understandable and a summary of such resolution will be the ballot
question for the electorate at the next regular municipal election or special election, per this
Charter's Section 4.04, as amended, prior to the final levy approval.
E)If the additional tax levy resolution is then approved by the voters under Chapter 4 of this
Charter then the levy shall be implemented in the following fiscal year or later date as specified
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Mounds View Charter Commission Date: May 3, 2006
Charter Updates; Category 3 Items; Chapter 7
Revision – Draft 20060613 Page2 of 2
in the resolution.
City of Mounds View
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