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52 'The 2014 overall levy is comprised as follows:
<br />2013 Overall bevy $5,426,789
<br />Dollar Increase $ 206,218
<br />Percentage Increase 3.8%
<br />The 2014 General/HRA combined Levy represents a 0% percent levy increase, the 3.8% overall
<br />increase in levy is associated with debt service requirements related to Roads, Facilities and Park
<br />improvements.
<br />The proposed 2014 Capital Equipment Budget totals $299,100. The CIP Fund is supported by a
<br />combination of liquor operating profits, Municipal State Aid — construction (MSA), water
<br />filtration interest earnings, the trade/sale of existing equipment and CIP Levy.
<br />The annual transfer of Liquor Operating Profits helps reduce taxes and provides funding for
<br />capital equipment. In 2014, Liquor Operations will transfer $239,244 to the General Fund and
<br />$108,200 to the Capital Equipment Fund. Without the benefit of Liquor profits the levy increase
<br />would have grown to 10.2%.
<br />For 2014, the median taxable valuation in St. Anthony is $208,000. Based on the median
<br />valuation of $208,000, the "City Portion" of property taxes totals $1,423.95. A breakdown of the
<br />taxes is as follows:
<br />1)
<br />Amount
<br />General Operating Levy
<br />$3,140,501
<br />HRA Levy
<br />$ 133,427
<br />CIP Levy
<br />$ 50,000
<br />Road Improvement Levy
<br />$1,779,592
<br />Lease Revenue Bonds
<br />$ 378,462
<br />Tax Abatement
<br />$ 151,025
<br />PERA Levy
<br />$ - 0 -
<br />2014 Overall Levy
<br />$5,633,007
<br />2013 Overall bevy $5,426,789
<br />Dollar Increase $ 206,218
<br />Percentage Increase 3.8%
<br />The 2014 General/HRA combined Levy represents a 0% percent levy increase, the 3.8% overall
<br />increase in levy is associated with debt service requirements related to Roads, Facilities and Park
<br />improvements.
<br />The proposed 2014 Capital Equipment Budget totals $299,100. The CIP Fund is supported by a
<br />combination of liquor operating profits, Municipal State Aid — construction (MSA), water
<br />filtration interest earnings, the trade/sale of existing equipment and CIP Levy.
<br />The annual transfer of Liquor Operating Profits helps reduce taxes and provides funding for
<br />capital equipment. In 2014, Liquor Operations will transfer $239,244 to the General Fund and
<br />$108,200 to the Capital Equipment Fund. Without the benefit of Liquor profits the levy increase
<br />would have grown to 10.2%.
<br />For 2014, the median taxable valuation in St. Anthony is $208,000. Based on the median
<br />valuation of $208,000, the "City Portion" of property taxes totals $1,423.95. A breakdown of the
<br />taxes is as follows:
<br />1)
<br />General Fund Budget
<br />$
<br />813.14
<br />2)
<br />Road Improvements
<br />$
<br />460.77
<br />3)
<br />Public Facilities
<br />$
<br />97.99
<br />4)
<br />'Tax Abatement
<br />$
<br />39.10
<br />5)
<br />Capital Improvements
<br />$
<br />12.95
<br />Total
<br />$1,423.95
<br />To help offset the cost of operations and capital equipment, Staff seeks Grants and Donations
<br />from Federal, State and private sources.
<br />Recently awarded Grants include:
<br />• Mississippi Water Management Organization Grant for Regional Storm Treatment
<br />Project ($1,209,000)
<br />• Inflow and Infiltration mitigation Grant from Metropolitan Council Environmental
<br />Services ($111,169)
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