CC MINUTES 10081985 - Laserfiche WebLink

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-4- The meeting was recessed from 7:57 P.M. to 8:01 P.M. , after which time the Mayor • opened the public hearing scheduled to consider the allocation of the City's $45,000 Revenue Sharing budget for 1986. The public had been invited to provide input to the Council 's decision regarding these expenditures, first at an executive meeting of the Council , September 24th, and, finally, at the hearing that evening. Although both hearings had been publicized in the Bulletin, there had been no response from the public before or during either Council consideration of the budget and the evening's hearing was closed at 8:05 P.M. for Council action. Motion by Councilmember Marks and seconded by Councilmember Enrooth to adopt the resolution which approves-;the expenditure of $25,000 in Revenue Sharing funds for building repairs and $20,000 for capital equipment purchases in 1986. RESOLUTION 85-041 A RESOLUTION ADOPTING THE 1986 REVENUE SHARING BUDGET Motion carried unanimously. At 8:06 P.M. , the public hearing was opened to consider the proposed 1986 City budget of $1,723,500 and the 1985 tax levy of $913,000, which would be collectible in 1986. The notice of the hearing had been published in the Bulletin September 17th and the proposed budget had been developed during three open wort sessions con- ducted by the Council . The Manager had distributed copies of the summary which staff had prepared on the budget in which comparisons had been drawn between the 1986 General Fund expenditures and revenues and those for years 1984 and 1985 and • the relationships between the proposed General Fund budget and various groups of expenditures and revenues and the projected sanitary sewer and water funds ex- penditures for 1986 which were illustrated on graphs by percentages. Mr. Childs estimated the $913,000 to be levied in 1985 represented a mill rate of about 14.45 mills, or a 1 .5 mill increase from the 1984 levy, based on the assumption that there would be very little in assessed valuations for 1985. The Mayor attri- buted the increase, for the most part, to the increase in insurance premiums charged the City for coverage it has to carry to provide adequate protection. Those insurance costs, the Mayor said, accounted for about 65% of the total budget increase. Although the mill rate would be raised with this budget, property taxes on a majority of the homes in St. Anthony would probably not go up because of the increase in Homestead credit from $650 to $700 allowed by the legislature this year, the Manager added. Noting the apparent lack of objections to the budget demonstrated by the absence of residents to provide input to the considerations, the hearing was closed at 8:10 P.M. Motion by Councilmember Marks and seconded by Councilmember Makowske to adopt the resolution which approve§ the proposed $1 ,723,000 budget for the City of St. Anthony for 1986 and the 1985 tax levy of $913,000 collectible in 1986. RESOLUTION 85-042 • A RESOLUTION APPROVING THE 1985 TAX LEVY, COLLECTIBLE IN 1985 AND THE 1986 CITY BUDGET Motion carried unanimously. -