HomeMy WebLinkAbout8A - Truth In Taxation Hearing-1999 City Budget
MEETING DATE:
AGENDA #:
PREPARED BY:
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STAFF AGENDA REPORT
DECEMBER 7, 1998
8A
RALPH TESCHNER, FINANCE DIRECTOR
TRUTH IN TAXATION HEARING FOR PROPOSED 1999 CITY
BUDGETS (7:00 p.m.)
The purpose for the public hearing tonight is to provide information
to the public regarding the city's proposed 1999 Operating Budget
and the amount of property taxes that the city proposes to collect in
1999. Also, it is important to give the residents the opportunity to
express their opinions on the budget and those services that are
important to the taxpayers.
Any written comments submitted previous to the hearing are to be
read and entered into the official record. Staff will provide a short
presentation with respect to the proposed 1999 general fund budget
and enterprise fund budgets that were previously adopted by the City
Council on September 8, 1998. Under Truth-in-Taxation guidelines
the City Council adopted the preliminary budgets and tax levies on
September 8, 1998.
The City Council CANNOT TAKE ANY ACTION with respect to
adopting the 1999 budgets during the course of the public hearing. If
all public concems cannot be addressed during this time, the Truth
in Taxation hearing could be continued until 7:00 P.M. Monday,
December 14, 1998 at the Fire Station. This meeting would be a
special council meeting to conclude the public comment period.
The final budgets and property tax levy would than be considered
for approval by the City Council at its last regularly scheduled
meeting on Monday, December 21, 1998. By Minnesota Statute the
final property tax levy amount must be certified to the Scott County
Auditor's Office no later than 5 working days after December 20th
(December 28, 1998).
ublic hearing or continue the hearing to
er 14, 1998.
1. 1999 tice
2. City notice supplement
3. 1999 Budget Documents
16200 Eagle Creek Ave. S.E" Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
Attachment:
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Notice of Proposed
Total Budget and Property Taxes
The Prior Lake city council will hold a public hearing on its budget and on the
amount of property taxes it is proposing to collect to pay for the costs of services
the city will provide in 1999.
SPENDING: The total budget amounts below compare the city's 1998 total
budget with the amount the city proposes to spend in 1999.
1998 Total
Actual Bud~et
$6,830,198
Proposed 1999
Bud~et
$7,127,582
Change From
1998-1999
4.4%
TAXES: The property tax amounts below compare that portion of the current
budget levied in property taxes in the city of Prior Lake for 1998 with the property
taxes the city proposes to collect in 1999.
1998 Property
~
$4,587,732
Proposed 1999
Property Taxes
$4,802,997
Change From
1998-1999
4.7%
Attend the Public Hearing
All Prior Lake city residents are invited to attend the public hearing of the city
council to express their opinions on the budget and on the proposed amount of
1999 property taxes. The hearing will be held on:
Monday, December 7, 1998 at 7:00 p.m.
Fire Station City Council Chambers
16776 Fish Point Road SE
Prior Lake
You are also invited to send your written comments to: City of Prior
Lake, Mayor's Office, 16200 Eagle Creek Ave. SE,
Prior Lake, MN 55372
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PRIOR LAKE BUDGET PUBLIC HEARING
The City of Prior Lake proposes a preliminary 1999 Operating Budget
of $7.1 million dollars which represents an increase of approximately
4% above the 1998 budget. The largest portion of this increase is
because the City is now responsible for the entire transit service levy
that used to appear as a separate line item on your property tax
statement. The City's debt payments also increased as a result of
referendum debt or in other words the payment of principal and interest
on voter approved bonds specifically for the fire station and park
system improvements. The remaining differences are mostly
attributable to inflationary increases and budget changes that occurred
primarily in the Street and Police departments which are some of the
most important and visible services provided by the City on behalf of
its residents.
The goal of the Prior Lake City Council, for the third consecutive year,
was to fund any increases in service expenditures by new valuation
growth thereby minimizing the impact upon residential property taxes.
The anticipated tax impact of the preliminary 1999 budget (upon
factoring in the transit service levy increase) on 1999 property taxes
is expected to be a slight increase on the city portion of your property
tax bill. Your individual tax may vary depending upon market value
adjustments that may have occurred due to inflation or additional home
improvements that would increase your home valuation from the
prevIOUS year.
Your Truth-in- Taxation notice which you received from the Scott
County Auditor's Office is parcel specific and identifies all
governmental taxing jurisdictions. City taxes account for
approximately 270/0 of your overall property tax dollar. The City
Council would encourage residents to participate in the budget process
by either submitting written comments or attending the budget public
hearing scheduled for 7 P.M. December 7, 1998 and 14 (if needed) at
the Fire Station City Council Chambers.
16200 Eagle Creek Ave. S,E" Prior Lake, Minnesota 55372-1714 / Ph, (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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