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2011 2012 Difference <br />General Fund 9,758,513 9,728,746_ __(29,767); <br />;Library 63,100 , 63,100 <br />Surface Water Management ? <br />.._ ._ _ _ ~ _. ~ _ . 50,000 <br />~ee_ _ .. _ ~_ 50,000 <br />__.. ,_. ~..._. <br />_ . .._. _ ____ ._ <br />'Debt Service 813,525 842,041 28,516 <br />Economic Development Tax Abatement ( <br />r..,, ......, _ _.. 427,253 428,504: 1,251 <br /> 11,112, 391 '; 11,112,391 - <br />The 2012 budget worksheet is updated with various scenarios to give the Council an update <br />with the new information received from the County. Scenarios 1-3 reflect looking at the <br />5.66 percent decrease as it relates to the change in market values on NTC for Elk River, <br />excluding the state law change on MV exclusion. This comparison reflects a more accurate <br />comparison to the tax rate from last year. Scenarios 4-6 reflect the total change in NTC, <br />including both the values and NIV exclusion impacts. This will give the Council a sense of <br />what impact the MV exclusion has from a comparison standpoint. <br />I will have the tax impact calculator on the overhead if the Council would like to try some <br />different impacts to properties. <br />Conclusion• <br />After the discussion on the levy for 2012 and personnel requests, staff will continue to <br />explore ideas to balance the budget before our December 5`'' budget meeting. <br />Attachments• <br />• 2012 position requests summary <br />• Preliminary 2011 tax values (for proposed 2012 tax notices) <br />• 2012 updated budget analysis snapshot <br />• 2012 appropriations summary <br />• Tax impact scenarios <br />N:\Public Bodies\City Council\Council RCA\Agenda Packet\10-17-2011\2012budget101711[1].docx <br />