12.1 SR 11-21-2011 - Laserfiche WebLink

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Comparison of NTC changes fox Sherburne County cities from 201.1 to 2012 2012 Preliminary % in 2011 Net Tax Capacity Net Tax Capacity change - Ciry Values Values decrease Becker 14,954,800 14,486,754 -3.13% Big Lake 7,546,161 6,569,611 -12.94% Clear Lake 454,778 403,247 -11.33% Elk River 24,303,844 21,612,212 -11.07% Zimmerman 3,373,637 2,800,412 -16.99% Source: Sherburne County Auditor Proposed 2012 Tax Rates (Sherburne County The Sherburne County Auditor has provided the proposed 2012 tax rates for Sherburne County (Attachment #5) based on the maximum levies approved in September. Below is a summary: 2011 2012 Ciry Actual Proposed Becker 29.729 30.816 Big Lake 43.652 53.168 Clear Lake 70.869 75.01 Elk River 45.723 51.425 East St. Cloud 41.305 42.578 Princeton 72.542 85.991 Zimmerman 36.001 43.016 Tax Levy Discussion On September 12, 2011, the Council adopted a maximum tax levy of $11,112,391, which includes no additional tax revenue in 2012 from the 2011 levy amount. Based on that levy, and the elimination of the negative market value credit loss of $300,000 (negative revenue), we have a positive amount of $159,750 prior to any adjustments. Maximum 2011 2012 Difference General Fund 9 758 5 3 9,728,746 (29 767) __ ~~ ~.... ~ ._, , .1 _.. ......~ _ .._~_ ....... ...~.._ .._. _. ~ _ .. _... ;Library 63,100 63,100 ' - Surface Water Management 50,000 50,000 ' - ;DebtServlce 813,525 ' .842,041 28,516 _e _~_. _ ..___. - ~ . . _ ,._._. .. _ ~ _.. _._... _ Economic Development Tax Abatement 427,253 ; 428,504 , 1,251 11.112.391 ~ 11.112, 391 ~ - General fund tax levy worksheet (Attachment #2) starts with the maximum levy and proposes adjustments fox 2012. Some adjustments are administrative updates. If all of the C:\Users\jjohnson\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Chitlook\SFWAYSNS\Budgetdiscussion112111.doc