RES 20-088 SETTING THE FINAL 2021 TAX LEVY AND ADOPTING THE 2021 BUDGET DOCUMENT FOR THE CITY OF ST. ANTHONY VILLAGE

Home Browse Search

CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 20-088 A RESOLUTION SETTING THE FINAL 2021 TAX LEVY AND ADOPTING THE 2021 BUDGET DOCUMENT FOR THE CITY OF ST. ANTHONY VILLAGE WHEREAS, Minnesota State Law requires that the City of St. Anthony Village provide Hennepin and Ramsey Counties with a final 2021 certified property tax levy and WHEREAS, the City Council discussed key financial issues and budgeting goals at the January 2020, goal setting session; and March 31 S` work session reviewing existing infrastructure improvement schedule and 2021 Debt Levy; and a July 7th work session to the initial 2021 Budget and Property Tax Levy estimates, public meetings were held August 25th and September 8th for public input on the 2021 budget and property tax levy, the 2021-2037 Capital Improvement Budgets were reviewed at the October 26th work session and approved at the November 10th Council meeting, WHEREAS, the allowed Debt Levies will be reduced by $614,910 based on sufficient funds; and WHEREAS, the City Council held the required Truth in Taxation meeting on Tuesday, December 8, 2020, 7:00 P.M. in its Council Chambers, to discuss the 2021 budget and property tax levy with the residents of St. Anthony Village; and WHEREAS, the information required for the City Council to determine a Final 2021 property tax levy has been collected NOW, THEREFORE, BE IT RESOLVED that: 1) The Final 2021 Property Tax Levy is: General Operating Levy $4,754,650 Capital Improvement Project Levy $ 283,200 Road Improvement Levy $1,913,699 Lease Revenue Bonds $ 344,897 Housing and Redevelopment Authority Levy $ 197,564 Tax Abatement Levy $ 228.585 Building Improvement Levy $ 83,000 Infrastructure Levy $ 60,000 Total $7,865,595 2) The 2021 General Fund operating budget of $7,651,785 (based on 2021 General Fund expenditures) will be adopted as the final operating budget.