HomeMy WebLinkAboutRES 17-062 SETTING THE PROPOSED 2018 TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF ST. ANTHONY VILLAGECITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 17 -062
A RESOLUTION SETTING THE PROPOSED 2018 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 2018 certified property tax levy and operating budget;
and
WHEREAS, the City Council discussed Debt Levy planning at the May 30`h work session and a public
meeting was held on May 91h reviewing key financial issues and budgeting goals which
invited public input on the budget process; and
WHEREAS, the allowed Debt Levies will be reduced by $526,880; and
WHEREAS, the City Council further reviewed the proposed 2018 property tax levy and general
operation budget at the August 22, 2017, 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 12, 2017, public hearing held at 7:00 p.m. in the Council Chambers.
NOW, THEREFORE, BE IT RESOLVED that:
1) The proposed 2018 Property Tax Levy is:
General Operating Levy
$3,975,534
Capital Improvement Project Levy
$ 233,200
Road Improvement Levy
$1,833,431
Lease Revenue Bonds
$ 344,882
Housing and Redevelopment Authority Levy
$ 162,534
Tax Abatement Levy
$ 227,430
Building Improvement Levy
$ 73,000
$6,850,011
2) The proposed 2018 General Operating Budget totals $6,844,116
Adopted this 12th day of September, 2017.
ATTEST:
Ni le Miller, City Clerk
Reviewed for administration:
Jerome O. Faust, Mayor
VO4
Mark Casey, City Ma6ager