1999.10.18 RESO 1999-0017 - Laserfiche WebLink

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RESOLUTION 1999 - 17 RESOLUTION RELATING TO TAX RATE AUTHORIZATION FOR THE YEAR 2000 WHEREAS, the State of Minnesota has enacted Chapter 243, Laws of Minnesota 1999, Article 6, Section 2 requiring a city council to have adopted and filed an authorizing resolution if it's city tax rate turns out to be higher the following year than a theoretical tax rate for the previous year under the law; and WHEREAS, the City of Hugo prides itself on beginning its budget process as early as possible in the calendar year in order to maximize input by all concerned parties and allow full review of all expenditure items; and WHEREAS, there are numerous factors that are beyond the control of city councils and that can potentially cause tax rates to rise, including but not limited to: A. Class rate changes by the state on various types of property, B. The economy and its effect on the tax base, including real estate and new construction growth or lack thereof, C. Limitations on what percentage the market value of property can rise each year as set by the state, D. Unfunded mandates upon local governments and reductions of federal and state aid; and WHEREAS, because of these outside factors beyond control, a city may need to havea higher tax rate for the following year, and if the tax rate has to go up, the City of Hugo wishes to be in compliance with the law with an authorizing resolution adopted and filed; and WHEREAS, regardless of external factors influencing the tax rate through the years, the City of Hugo has a strong tradition and a record of success in holding down property taxes on the citizens of the city; and WHEREAS, the City of Hugo's property tax levy has been set each year within the levy limitation imposed by the State of Minnesota; and WHEREAS, a notice of public hearing was published in the White Bear Press on October 13, 1999, and the public hearing was held on October 18, 1999: