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City Council Regular Meeting Minutes <br />September 13, 2005 <br />Page 2. <br />2 IV. PUBLIC HEARINGS, <br />3 None. <br />4 <br />5 V. REPORTS FROM PLANNING COMMISSION. <br />6 None. <br />7 <br />10 <br />11 <br />12 <br />13 <br />14 <br />1.5 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24. <br />25 <br />2,6 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />VI. GENERAL POLICY BUSINESS OF THE COUNCIL. <br />A. Consider Resolution 05-00,72, rc: Proposed 2005 tax levy and budget in compliance with <br />the_Truth-in-J'axation Act. <br />Mr. Morrison reviewed the Resolution with the Council and indicated that Resolutions have been <br />prepared resolutions to set the 2006 tax levy. He noted Mr. Larson, Finance Director, and he had <br />prepared a PowerPoint presentation. <br />Mr. Morrison explained the Council had asked staff to develop a financial plan to review <br />alternatives to offset the impact of the 2006 tax levy. He said they have proposed a budget of <br />54,177,500, which is an 'increase over last year's budget. He noted they have proposed changes <br />in the budget. Some funding his been restructured. At Council's direction, he stated they are <br />proposing a 0% increase in the General Fund levy, however, there will be an increase to the <br />Road hnprovement Levy. <br />Mr. Morrison siatcd it was learned that the City does not have to hold 11Ie Truth m -Taxation <br />meetings. The meetings can be held, however, if preferred. if the Truih-in-Taxadoil meetings <br />are not held, the Council still has to adopt a levy at a December meeting. Hs asked the Council <br />to consider whether these meetings should be held as he reviewed the budget proposal. <br />Mr. Morrison explained there is a 5208,500 increase in the General Fund Budget over the 2005 <br />budget. Employee pensions are going up due to the PERA law being changed. The levy will be <br />kept the same. IIe summarized how the levies impact property taxes. He stated the City is in its <br />eleventh year of road improvement projects. This portion of the budget has increased $124,180. <br />This increase for road improvement is the primary reason for the levy increasing. <br />Mr. Morrison pointed out that there have been no new staff positions; however personnel costs <br />have increased due to health insurance and PERA laws. Motor fuel costs are up which is an <br />impact to the General Fund. <br />He explained that the City receives money from the Fiscal Disparities Pool. This gets distributed <br />to cities in the metro area. St. Anthony will receive $395,820 this year. He also highlighted <br />changes in Limited Market Value Credit. 'Phis program has been extended two years until 2010. <br />This limits the amount of taxable value a property can be increased in one year. <br />Councilmember Thuesen asked in regard to the fuel costs rising whether the City has a contract <br />with any providers for discounts on gas if a certain amount was purchased. Mr. Morrison <br />explained the City does have their own pumps, and less is paid for gas than at the gas stations. <br />Coumcilmember Stille asked when the Fiscal Disparities will be known for 2006. Mr. Larson <br />answered the end of October. <br />ki <br />