HomeMy WebLinkAboutCC RES 93-051 RESOLUTION SETTING THE CITY OF ST. ANTHONY PROPOSED 1994 TAX LEVY AND BUDGET IN COMPLIANCE WITH THE TRUTH IN TAXATION ACT Meeting Sheet
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103518
Box: 26
Folder: RES 1993
Document: CC RES 93-051 RESOLUTION SETTING THE CIN OF ST.
ANTHONY PROPOSED 1994 TAX LEVY AND BUDGET IN COMPLIANCE
WITH THE TRUTH IN TAXATION ACT
• CITY OF ST ANTHONY
RESOLUTION #93-051
A RESOLUTION SETTING THE CITY OF ST. ANTHONY PROPOSED 1994 TAX LEVY
AND BUDGET IN COMPLIANCE WITH THE TRUTH IN TAXATION ACT
WHEREAS, the Truth in Taxation Law requires that the City of St. Anthony provide
Hennepin and Ramsey Counties with a proposed certified 1994 tax levy
and budget; and
WHEREAS, the information required for the City Council to make a definitive tax levy
cannot be determined until the City of St. Anthony holds its public hearings;
and
WHEREAS, the furnishing of this proposed tax levy and budget is made contingent upon any
revisions being allowed if the current law is modified.
NOW, THEREFORE, BE IT RESOLVED that:
•
1) the 1994 proposed property tax levy is:
Property Tax Levy $1,667,450
Less: H.A.C.A. ( 338,277)
Proposed General Fund Levy $1,329,173
Housing and Redevelopment Authority Levy $ 20,000
Less: H.A.C.A. S 4,414)
Proposed Housing and Redevelopment Authority Levy $ 15,586
Certificate of Indebtedness $ 76,265
Special Assessment/Road Improvements $ 32,893
Total 1994 Proposed Tax Levy $1,453,917
2) The 1994 General Fund Proposed Budget totals $2,383,600
BE IT FURTHER RESOLVED, that:
1) The hearing date for discussion of the 1994 proposed levy and budget be set at
_ November 30, 1993, 7:00 P.M., in its Council Chambers and if necessary be
reconvened on December 13, 1993, 7:00 P.M. in its Council Chambers.
2) The subsequent hearing date to adopt the City's final property tax levy and budget
shall be announced prior to completion of its November 30, 1993, hearing, or if
necessary, prior to its completion of the December 13, 1993, reconvened hearing.
Adopted thisjqd day of S e_ag+em b e-r 1992
//�� Mayor
ATTEST: (" t4L E)
City Clerk
Reviewed for administration:
City Manager
•
Levy Comparison:
Increase
1994 1993 (Decrease) Percentage
Property Tax Levy $1,667,450.00 $1,618,200.00 $49,250.00 3.04%
Less: H.A.C.A. ($338,277.00) ($328,651.00) $9,626.00 2.93%
Proposed General Fund Levy $1,329,173.00 $1,289,549.00 $39,624.00 3.07%
Add: HRA Levy $20,000.00 $20,000.00 $0.00 0.00%
Less: H.A.C.A. 414.00) 303.00 111.00 2.58%
$15,586.00 $15,697.00 ($111.00) 0.71%
Certificate of Indebtedness $76,265.00 $76,415.00 ($150.00) 0.20%
Special Assessment Levy $32,893.00 $0.00 $32,893.00 100.00%
Total Levy 1.453.917.00 1.381.661.00 $72,256.00 5.23%