My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
CC PACKET 08082000
StAnthony
>
City Council
>
City Council Packets
>
2000
>
CC PACKET 08082000
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/30/2015 4:16:04 PM
Creation date
12/30/2015 4:15:51 PM
Metadata
Fields
SP Box #
17
SP Folder Name
CC PACKETS 1999-2001
SP Name
CC PACKET 08082000
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
87
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
9 1®8 <br /> •... At a Council Meeting in August, a budget overview is presented to the community. <br /> In September, the City certifies a proposed tax levy and budget to Hennepin and Ramsey <br /> Counties. Also, at this Council Meeting a public hearing is held to discyss the tax rate <br /> increase. Once the proposed.levy has been certified, the levy cannot be increased, but may <br /> be reduced during the fnal certification process in December. <br /> In late October, Staff calculates the proposed tax rate and tax capacity numbers to <br /> determine the impact on residential and commercial properties. <br /> In November, the proposed budget and tax levy is published and Truth in Taxation Notices <br /> are mailed to property owners. The Council holds a public hearing on the budget and <br /> proposed tax levy in late November or early December and afterwards approves the final <br /> operating budget and tax levy. <br /> The City's property tax levy (approximately 20% of the total taxes collected), which is <br /> necessary to finance the approved budget, is then certified to the Counties who collect the <br /> property taxes on behalf of the City, School District, County and other Taxing Districts. <br /> During the fiscal year, line items may be overspent as long as the total activity budget is not <br /> overspent. City Staff may request recommended changes in their activity budget to the <br /> City.Manager who then submits the request to the City Council who can approve or <br /> disapprove the amendment. If Council approves an activity to be overspent, the property <br /> tax levy may not be amended to fund the-appropriation. <br /> Respectfully submitted, <br /> �aqe� .�a�acs <br /> Roger Larson <br /> Finance Director <br />
The URL can be used to link to this page
Your browser does not support the video tag.