HomeMy WebLinkAbout8A - Truth-in-Taxation Hearing 2007
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16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
CITY COUNCIL AGENDA REPORT
DECEMBER 4, 2006
8A
Ralph Teschner, Finance Director
TRUTH IN TAXATION PUBLIC HEARING FOR PROPOSED 2007 CITY
BUDGETS
Introduction
The purpose for the public hearing tonight is to provide information to the
public regarding the city's proposed 2007 Operating Budgets and the amount
of property taxes that the City proposes to collect in 2007. 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. A Powerpoint
presentation will be provided, the Council will have an opportunity to ask
questions and then the Truth-in- Taxation hearing should be opened.
Any written comments submitted previous to the hearing are to be entered into
the official record. Staff will provide a short presentation with respect to the
proposed 2007 general fund budget and enterprise fund budgets that were
preliminarily adopted by the City Council in September. Under Truth-in-
Taxation guidelines the City Council adopted the preliminary budgets and tax
levies on September 5, 2006.
The City Council CANNOT TAKE ANY ACTION with respect to adopting the
2007 budgets this evening. If all public concerns cannot be addressed tonight,
the Truth-in-Taxation hearing could be continued until 6:00 P.M. Monday,
December 11, 2006 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 then be considered for approval
by the City Council at its last regularly scheduled meeting of the year on
Monday, December 18, 2006. 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 27,2006).
The following alternatives are available to the City Council:
1. If all questions have been answered, close the public hearing and direct
the Staff to place this item on the December 18, 2006 City Council
agenda for final action.
2. Continue the public hearing until December 11, 2006 at 6:00 P.M. if
there are questions that cannot be answered on December 4th.
Motion to either close the public hearing or continue the hearing to 6:09 P.M.,
Monday December 11, 2006. If the hearing is adjourned then the dafJl, time
and place for the levy adoption meeting (MOndaY~o.o p.rn, D9C9t=:.... r 1fih)
must be announced. /-1 f ~
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