HomeMy WebLinkAboutRES 19-090 SETTING THE FINAL 2020 TAX LEVY AND ADOPTING THE 2020 BUDGET DOCUMENT FOR THE CITY OF ST. ANTHONY VILLAGECITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 19-090
A RESOLUTION SETTING THE FINAL 2020 TAX LEVY AND ADOPTING THE 2020
BUDGET DOCUMENT FOR THE CITY OF ST. ANTHONY VILLAGE
WHEREAS,
WHEREAS,
Minnesota State Law requires that the City of St. Anthony Village provide Hennepin and
Ramsey Counties with a final 2020 certified property tax levy and
the City Council discussed key financial issues and budgeting goals at the January 2019,
goal setting session, held a public meeting on March 26th for input on the budget process;
and June 3`d work session reviewing existing infrastructure improvement schedule and 2020
Debt Levy; and an August 5th work session to review revised infrastructure improvement
schedule and Proposed 2020 Budget and Property Tax Levy, public meetings were held
August 27th and September I0th for public input on the 2020 budget and property tax levy,
the 2020-2036 Capital improvement Budgets were reviewed at the October 15th work
session,
WHEREAS, the allowed Debt Levies will be reduced by $477,313 based on sufficient funds; and
WHEREAS, The City Council held the required Truth in Taxation meeting on Tuesday, December 10,
2019, 7:00 P.M. in its Council Chambers, to discuss the 2020 budget and property tax levy
with the residents of St. Anthony Village; and
WHEREAS, the information required for the City Council to determine a Final 2020 property tax levy
has been collected
NOW, THEREFORE, BE IT RESOLVED that:
1) The Final 2020 Property Tax Levy is:
General Operating Levy
Capital Improvement Project Levy
Road Improvement Levy
Lease Revenue Bonds
Housing and Redevelopment Authority Levy
Tax Abatement Levy
Building Improvement Levy
Total
$4,571,013
$ 283,200
$1,823,254
$ 341,602
$ 185,064
$ 322,325
$ 83,000
$7,609,458
2) The 2020 General Fund operating budget of $7,605,973 (based on 2020 General Fund
expenditures) will be adopted as the final operating budget.
Adopted this llQ day of December, 2019.
ATTEST:
Aat
NicoleMiller, City Clerk
Reviewed for administration:
J - rome O. Faust, Mayor
Mark Casey, Cityfidanager