HomeMy WebLinkAboutRES 15-054 Setting the Proposed 2016 Tax Levy and General Operating BudgetCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 15-054
A RESOLUTION SETTING THE PROPOSED 2016 TAX LEVY AND GENERAL OPERATING
BUDGET 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 proposed 2016 certified property tax levy and operating budget;
and
WHEREAS, the City Council discussed key financial issues and budgeting goals at the July 31st, 2015,
work sessions and a public meeting was held on April 28, 2015 for input on the budget
process; and
WHEREAS, the allowed Debt Levies will be reduced by $301,921; and
WHEREAS, the City Council further reviewed the proposed 2016 property tax levy and general
operation budget at the August 25, 2015, City Council meeting; and
WHEREAS, the proposed tax levy and budget is contingent upon any revisions allowed if the current
law is modified; and
WHEREAS, the City Council will determine a definitive property tax levy and budget at the
Tuesday, December 8, 2015, public hearing held at 7:00 p.m. in the Council Chambers.
NOW, THEREFORE, BE IT RESOLVED that:
1) The proposed collectible 2016 Property Tax Levy is:
General Operating Levy
$3,385,370
Capital Improvement Project Levy
$ 80,990
Road Improvement Levy
$1,828,848
Lease Revenue Bonds
$ 387,322
Housing and Redevelopment Authority Levy
$ 140,170
Tax Abatement Levy
$ 155,112
Building Improvement Levy
73,000
2) The proposed 2016 General Operating Budget totals $6,936,342.
Adopted this 8`" day of September, 2015.
ATTEST:
Nicole Miller, City Clerk
Reviewed for administration:
$6,050,812
Jerome O. Faust, Mayor
Mark Casey, City Manager