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• 1 REGULAR COUNCIL MEETING <br /> 2 NOVEMBER 26, 1991 <br /> 3 PAGE 4 <br /> 4 <br /> 5 Mayor Ranallo opened the Public Hearing for the 1992 <br /> 6 budget and tax levy at 7 : 40 p.m. <br /> 7 <br /> 8 The Mayor advised that all of the City ' s management staff <br /> 9 and department heads were in attendance at the Public <br /> 10 Hearing to answer questions or respond to concerns of <br /> 11 residents regarding proposed budget items . <br /> 12 <br /> 13 Mayor Ranallo stated that this budget was reviewed about <br /> 14 a month ago at a. Council meeting with the purpose of <br /> 15 getting input from residents . `Approximately eight to ten <br /> 16 residents attended. This open forum was held so there <br /> 17 would be enough time to include any input or suggestions <br /> 18 into the proposed budget . The Mayor noted that this <br /> 19 budget has to be approved by December 4th. With this <br /> 20 short deadline, tonight ' s meeting -would not have afforded <br /> 21 time for inclusion of any budget changes that may have <br /> 22 been considered. <br /> 23 <br /> 24 It was stated, that the budget which will be presented at <br /> 25 tonight ' s meeting, has not been modified since the <br /> 26 previous meeting. <br /> 0 <br /> 28 <br /> 29 The City Manager referred to the notification of the <br /> 30 proposed budget published in the Minneapolis Star Tribune <br /> 31 and in the St . Anthony Bulletin which complied with the <br /> 32 publication mandates of the Truth in Taxation <br /> 33 requirements . <br /> 34 <br /> 35 He stated that the City Council decided not to levy to <br /> 36 the maximum allowable amount but reduced the budget by <br /> 37 $20 , 000 . In taxes payable 1991 the City received twenty- <br /> 38 one cents of each tax dollar and for taxes payable 1992 <br /> 39 the C.ity will receive nineteen cents of each tax dollar . <br /> 40 <br /> 41 In 1991 the local government aids for St . Anthony were <br /> 42 reduced $75, 000 and in 1992 that reduction is expected to <br /> 43 be $70 , 000 . <br /> 44 <br /> 45 Residents were advised that if their property taxes <br /> 46 increase it would be because the value of their property <br /> 47 was increased. Also , the State has changed the tax rates <br /> 48 on certain properties . The City Manager advised that the <br /> 49 half cent sales tax recently approved by metropolitan <br /> 50 counties was originally intended to be put into a Local <br /> 51 Government Trust Fund. He suggested that the Legislature <br /> �552 appears to be considering retaining this money for State <br /> 3 use . He recalled that the sales tax which was implemented <br /> 54 in the early 70 ' s was originally intended to be used for <br />