HomeMy WebLinkAboutRES 16-064 Resolution Setting the Proposed 2017 Tax Levy and General Operating Budget for the City of St. Anthony VillageCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 16 -064
A RESOLUTION SETTING THE PROPOSED 2017 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 2017 certified property tax levy and operating budget;
and
WHEREAS, the City Council discussed key financial issues and budgeting goals at the June 29h and
August 1" work sessions and a public meeting was held on April 26, 2016 for input on the
budget process; and
WHEREAS, the allowed Debt Levies will be reduced by $371,141; and
WHEREAS, the City Council further reviewed the proposed 2017 property tax levy and general
operation budget at the August 23, 2016, City Council meeting; and
WHEREAS, the preliminary 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 13, 2016, public hearing held at 7:00 p.m. in the Council Chambers.
NOW, THEREFORE, BE IT RESOLVED that:
1) The proposed 2017 Property Tax Levy is:
General Operating Levy
$3,573,493
Housing and Redevelopment Authority Levy
$ 157,800
Capital Improvement Project Levy
$ 233,200
Road Improvement Levy
$1,827,208
Lease Revenue Bonds
$ 361,207
Tax Abatement Levy
$ 224,877
Building Improvement Levy
73,000
$6,450,785
2) The proposed 2017 General Operating Budget totals $7,106,990
Adopted this 13th day of September, 2016.
ATTEST:
i�� �(/v" Jerome O. Faust, Mayor
Nic le Miller, City Clerk
Reviewed for administration: d
Mark Casey ity Manager