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There are three main entities: the county, school district, and city that each receives part of the property <br />taxes paid by property owners. The city receives approximately one-third or 33% of the total property <br />tax the residential property owner will pay. The balance, approximately 67%, goes to Sherburne County, <br />Independent School District 728, Regional Rail Authority, Economic Development Authority, and <br />Housing Redevelopment Authority. Additionally, the State of Minnesota also receives part of the <br />property taxes on commercial and industrial property, the city's share percentage decreases below 24% <br />for those properties that pay state tax. <br />The city uses its property tax revenue for several purposes: the majority, 94%, is used to fund General <br />Fund expenditures such as police, fire, street maintenance, general government, parks and recreation. <br />The remaining 6% pays for debt service, tax abatement and library operations. <br />General Fund Budget <br />The 2016 General Fund budget is at $13,664,350 which is a 2.64% increase over 2015 prior to the ERMU <br />request to bill for electric charges for non -revenue generating facilities which is estimated at $220,450 <br />with an offsetting revenue transfer in the General Fund. This will bring the budget to $13,884,800 with <br />this one-time adjustment. <br />Public safety expenditures (police, fire, emergency management, building safety, code enforcement, and <br />environmental) account for 48% of the General Fund budget. General government, public works, and <br />culture and recreation make up the majority of the balance. Personal service expenditures are the largest <br />type of expenditure due to the fact that the city's core objective is to provide service to its residents and <br />businesses. Personal service expenditures are 77% of the operating budget. The budget does include a <br />cost of living pay adjustment for employees in 2016. <br />Financial Impact <br />Summary of all 2016 Budgets <br />All of the proposed budgets are listed below. The Council has reviewed all of these budgets. <br />Below is a summary of the proposed budgets to be approved: <br />General Fund <br />One-time adjustment (Electric <br />Total <br />Special Revenue Funds: <br />Library <br />Ice Arena <br />Landfill <br />Safety <br />$13,664,350 <br />220,450 (Offsetting revenue from ERMU) <br />13.884.800 <br />$ 110,750 <br />$ 954,700 <br />$ 104,650 <br />$ 39,600 <br />