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City Council Regular Meeting Minutes December 12, 2017 Page 2 A. Resolution 17-083; a Resolution Setting the Final 2018 Tax Levy and General Operating 1 Budget for the City of St. Anthony Village. 2 3 Mayor Faust opened the Public Hearing at 7:04 p.m. 4 5 Finance Director Shelly Rueckert recapped at the September 12, 2017 City Council meeting a 6 public hearing was held setting the preliminary 2018 property tax levy and the 2018 General 7 Fund Budget. City Staff is reaffirming the preliminary 2018 property tax levy established at 8 $6,850,011. The 2018 levy represents an increase of $399,226 or a 6.19% increase from 2017. 9 10 Ms. Rueckert reviewed the components of the 2018 Final property tax levy and the standard 11 parameters for preparing the General Fund Budget and Levy. The General Fund Budget and 12 Levy cost drivers were also reviewed. Ms. Rueckert noted the HRA Budget and Levy cost driver 13 is substantially personnel costs and the proposed Levy increase for the HRA is 3.00% or $4,734. 14 The 2018 Debt Related Levies are proposed to decrease by $7,549 over the 2017 combined 15 levies. For 2018, the median taxable valuation in St. Anthony is $274,000 an increase of 5.38% 16 over 2017. Based on the median valuation of $274,000 the “City Portion” of property taxes totals 17 $1,78173. Ms. Rueckert reviewed a number of graphs. 18 19 To help offset the cost of operations and capital equipment, Staff seeks Grants and Donations 20 from Federal, State and private sources. Ms. Rueckert reviewed the recently accepted Grants 21 from Ramsey County Emergency Management (Fire Department), Hennepin County Recycling 22 Grant, Ramsey County, Mirror Lake Dredging, Gloria Wiese (Police and Fire), Us Department 23 of Justice, Police Body Camera Grant, and Estate of John D MacQueen (Police Department). 24 25 Staff recommends Council approves Resolution 17-083 Adopting the 2018 Budget Document 26 and Certifying the Final Tax Levy to Hennepin and Ramsey Counties. The Final 2018 Property 27 Tax Levy is: 28 29 General Operating Levy $3,975,534 Capital Improvement Property Levy $233,200 Road Improvement Levy $1,833,431 Lease Revenue Bonds $344,882 Housing and Redevelopment Authority Levy $162,534 Tax Abatement Levy $227,430 Building Improvement Levy $73,000 Total $6,850,011 30 Councilmember Stille commented on the budget calendar, noting it is a yearlong process and 31 there is much more detail that was not mentioned today. There is a lot of talk about decaying 32 infrastructure and St. Anthony Village has done its best to keep ahead of the curve and the City 33 is 80% complete on street reconstruction projects. 34 35 Mayor Faust stated 27% of a typical home’s property tax goes towards infrastructure. 36 37 12