3.0. SR 12-06-1999 - Laserfiche WebLink

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. . . On September 13, 1999, the City Council adopted a resolution establishing the proposed maximum tax levy. This resolution is attached for your reference. The maximum net levy is $3,995,464. Of this total, approximately 83 percent or $3,311,100 is for general fund activities. The balance, approximately 17 percent of the total net levy, is used for other City Council approved expenditures such as equipment certificates, operation and maintenance of the library, special assessments, the dam loan, etc. The city tax levy increase of about 10 percent will cause the city tax rate to go from 29.324 in 1999 to approximately 30.194 in 2000. This is less than a 3 percent increase in the city tax rate. The City Council also held a public hearing on October 11, 1999, regarding a proposed tax levy increase and adopted a resolution that acknowledged the plan for a city tax rate increase. While the city tax rate goes up less than 3 percent, it must be acknowledged that the city net levy increased by $366,255 and that $317,150 of this amount is for general fund purposes. Additionally, the city general fund budget is proposed to increase by $499,050. This general fund budget increase is mainly seen in the personal services category, which increased by $383,050. In very general terms, the personal services increase is divided by thirds into wage and benefit increases, additional employees, and step increases, which are higher than normal due to the comparable worth adjustments made by the city last July. The Truth in Taxation presentation by staff will be similar to what took place last year. This presentation will review revenues and expenditures by categories and not discuss each individual department or line item in detail unless requested to do so by the councilor the public. Attached for your information is the 2000 proposed general fund budget. Also attached are the "overheads" that will be used for the presentation at the public hearing. These two items plus the county auditor/treasurer material, League of Cities information on tax rates, and newspaper articles on property taxes will all be available for the public at the December 6, 1999, public hearing. According to the Truth in Taxation Law, the City Council cannot adopt the tax levy or budget at the December 6,1999, meeting. The tax levy and budget cannot be adopted at any meeting where a public hearing is held. If the December 6, 1999, public hearing is closed, then the City Council must announce that the budget and tax levy issue will be continued for consideration and adoption at the 6:30 p.m., Monday, December 13, 1999, meeting. Consideration of the budget and levy at this follow-up meeting will provide the council with an opportunity to evaluate the input it receives at the December 6, 1999, public hearing. However, if the public hearing is continued, the continuation date must be on December 13, 1999, and then consideration