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City Council Truth in Taxation Hearing Meeting Minutes • November 30, 1994 Page 3 1 Mayaor Ranallo and City Manager Mornson left the meeting at this time to attend a meeting of 2 the Rice Creek Watershed District and Mayor.Pro Tem Wagner conducted the remaining 3 portion of the meeting. 4 Wagner stated that the City has held the budget at a steady rate with only small adjustments for 5 wages and salaries. 6 Enrooth stated that the City had received a letter from resident, Betty Kiminki, indicating her 7 concerns in regards to her property taxes which she feels are steadily increasing. He stated 8 that the letter should be referred to City Manager to respond to the resident. He advised that it 9 -may be wise for her to go before the Board of Review. 10 Larson reported that Larry Miller and Hennepin County would be advised to respond to her 11 concerns. 12 Fleming questioned if Ms. Kiminki was speaking of the City portion of the tax rate. Fleming 13 suggested someone contact her and find out if her concerns laid with the city tax portion and 14 direct her to the right department to have her questions answered. qtLarson explained that some of the tax statements may be deceiving. He showed an example of 16 a home that had increased in value by $5,000.00. Even though the city tax rate had decreased, 17 the property taxes were higher. The home valuation has a direct impact on the property tax. 18 If the total valuation of the City is increased, it will decrease the impact on individual tax 19 statements. At this time, the City consists of 13% commercial. The goal is to increase this to 20 15-16% and then to stabilize at that point. 21 Wagner commented on the estimated percentage increase in 1995 Minnesota personal income 22 shown on the notice of proposed property taxes for the taxes payable year 1995. He stated 23 that many people are questioning this. This statement of a 4.5% annual growth rate was 24 mandated to be on the property tax notice by the Minnesota Department of Revenue. The 25 Minnesota Department of Revenue stated that because the 4.5% is an aggregate measure of all 26 income received by all state residents, total personal income will increase due to additional 27 factors other than wages, such as growth in employment and overall economic activity. 28 Larson reported that assuming there is no change in valuation of the property, city taxes for 29 the year 1995 have decreased by .5%. 30 Fire Chief Johnson asked how St. Anthony compared to other communities in the metro area. Larson stated that when comparing, he would look to a city that is similar to St. Anthony. He 4A explained that based on a scale of one to ten, with one being the worst and ten the best, St. 33 Anthony would be a six or a seven. Other communities may be seeing the city portion of their 34 taxes increases. He explained that a large portion of St. Anthony tax rate goes to the school