HomeMy WebLinkAboutRES 18-058 SETTING THE PROPOSED 2019 TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF ST. ANTHONY VILLAGECITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 18 -058
A RESOLUTION SETTING THE PROPOSED 2019 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 2019 certified property tax levy and operating budget;
and
WHEREAS, the City Council discussed Debt Levy planning at the March 26th and August 2011 work
sessions and a public meeting was held on May 8th 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 $510,067 based on sufficient funds; and
WHEREAS, the City Council further reviewed the proposed 2019 property tax levy and general
operation budget at the August 28, 2018, 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 final property tax levy and budget at the
Tuesday, December 11, 2018, public hearing held at 7:00 p.m. in the Council Chambers.
NOW, THEREFORE, BE IT RESOLVED that:
1) The proposed 2019 Property Tax Levy is:
General Operating Levy
$4,324,113
Capital Improvement Project Levy
$ 258,200
Road Improvement Levy
$1,914,886
Lease Revenue Bonds
$ 343,347
Housing and Redevelopment Authority Levy
$ 170,254
Tax Abatement Levy
$ 222,653
Building Improvement Levy
78,000
$7,311,453
2) The proposed 2019 General Operating Budget totals $7,206,490
Adopted this 11 m day of SSe tember, 2018.
'" Jerome O. Faust, Mayor
ATTEST:
Nicolb Miller, City Clerk
Reviewed for administration: (�� `'" "' C'M' /
Mark Casey, City Aanager