2012 Budget Book - Laserfiche WebLink

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The total budget for the 2011 project totaled $1,940,000. Funding came from the issuance of a street improvement bond and special assessments. For 2012, the City Enmineer is proposing street reconstruction and utility improvements to: Belden Drive — 34" Avenue NE to 36°' Avenue NE; Coolidge Street — 34°' Avenue NE to 36°i Avenue NE; and 35`x' Avenue (Harding Street to Belden Drive) and a pipe bursting project from Macalaster Drive NE to Chandler Drive NE. The total budget of the proposed street project is estimated at $2,123,954. Funding for the project will come from road improvement bonds and special assessments. The City continues to assess 35% of the costs to the adjacent property owners and through the issuance of road improvement bonds, 65% of the costs is levied over the entire community for their use of City streets. Levy As directed by the City Council, the 2012 General Operating Budget was prepared using a 3 -year averaging method as a benchmark or starting point. St. Anthony's General Operating Fund levy for 2012 totals $3,045,166 which supports the cost of providing City services. The total for all levies is $5,223,089. This represents an increase of $239,344 or 4.8% percent. A summary of the total levies are as follows Changes to the levy include: a $99,655 increase in the General Operating levy; a $132,263 increase to the Road Improvement Levy; a $3,097 increase to the Lease Revenue Bonds/ Public Facilities Levy and a $4,329 increase in the Tax Abatement Levy for Central & Emerald Parks. In 2012, the median property valuation of the City equals $223,000 (the median taxable valuation is the number in the middle: 50% lower, 50% higher). The average homeowner in the Village will pay $1,382.85 in "City Property Taxes". A breakdown of the costs includes: $823.65 for Police, Fire, Public Works and Park maintenance; $405.92 for Roads; $110.84 for the Fire and Public Works buildings; $40.41 for the Central and Emerald park improvements; and $2.03 for the PERA levy. 2012 General Operating Levy $3,045,166 (General Fund) Road Improvement Levy $1,500,755 Lease Revenue Bonds/Public Facilities $ 409,773 HRA Administrative Levy $ 110,500 Tax Abatement (Central/Emerald Park) $ 149,395 PERA Rate Increase Levy $ 7,500 Total $5,223,089 Changes to the levy include: a $99,655 increase in the General Operating levy; a $132,263 increase to the Road Improvement Levy; a $3,097 increase to the Lease Revenue Bonds/ Public Facilities Levy and a $4,329 increase in the Tax Abatement Levy for Central & Emerald Parks. In 2012, the median property valuation of the City equals $223,000 (the median taxable valuation is the number in the middle: 50% lower, 50% higher). The average homeowner in the Village will pay $1,382.85 in "City Property Taxes". A breakdown of the costs includes: $823.65 for Police, Fire, Public Works and Park maintenance; $405.92 for Roads; $110.84 for the Fire and Public Works buildings; $40.41 for the Central and Emerald park improvements; and $2.03 for the PERA levy.