2011 Budget Book - Laserfiche WebLink

Home Browse Search

The total budget for the 2010 project totaled $2,145,000. Funding came from the issuance of a $1,375,000 street improvement bond, special assessments, water and sanitary sewer utility funds and cost participation funds from the Cities of New Brighton and Roseville. The City Engineer is proposing a street, utility and sidewalk reconstruction project for 2011 that will include improvements to: Belden Drive— 37t" Avenue NE to 361' Avenue NE; Coolidge Street — 37t" Avenue NE to 36"' Avenue NE; Hardin Street treet — 37`x' Avenue NE to 36"' Avenue NE; and Edward Street — 37th Avenue NE to 36' i Avenue NE. Sidewalk improvements will occur on 39'x' Avenue from Macalaster Drive to Silver Lake Road. The total budget of the proposed 2011 project is estimated at $1,940,000. 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 though the issuance of road improvement bonds, 65% of the costs is levied over the entire community for their use of City streets. Levv As directed by the City Council, the 2011 Budget was prepared with a 0% increase in the General Operating Levy. St. Anthony's General Operating Fund levy for 201 totals $2,945,511 which is the same as the 2009 and 2010 levies. The levied amount in 2011 is $108,606 under the maximum levy allowed by the State Legislature who implemented Levy Limits that are in affect for years 2009, 2010 and 2011. A summary of the 2011 total levy is as follows: General Operating Levy $2,945,511 (General Fund) Road Improvement Levy $1,299,683 Lease Revenue Bonds/Public Facilities $ 406,676 HRA Administrative Levy $ 110,500 Tax Abatement (Central/Emerald Park) $ 145,066 PERA Rate Increase Levy $ 7,500 Total $4,914,936 Changes to the levy totaled $125,491, including: a 0% increase in the General Fund levy; a $53,269 increase to the Road Improvement Levy; a $3,413 increase to the Lease Revenue Bonds/ Public Facilities Levy and the $68,809 increase in the Tax Abatement Levy for Central & Emerald Parks. To offset the increase in the Tax Abatement Levy, the City Council authorized the use of tax increment from the Chandler TIF District. In 2011, the median property valuation of the City equals $225,000 (the median taxable valuation is the number in the middle: 50% lower, 50% higher). The average homeowner in the Village will pay $1,252.85 in "City Property Taxes". A breakdown of the costs includes: $768.10 for Police, Fire, Public Works and Park maintenance; $338.92 for Roads; $106.05 for the Fire and Public Works buildings; $37.83 for the Central and Emerald park improvements; and $1.95 for the PERA levy.