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CASE 1996 BUDGET MAXIMUM 1996 DISCUSSION AND RESOLUTION APPROVING PROPOSED PAYABLE TAX LEVY AND SCHEDULING BUDGET PUBLIC HEARING DATES By: Jessie L. Hart, Finance Officer Background: 1996 Budget Discussion On Friday, September 8, 1995, a meeting regarding balancing the 1996 Proposed General Fund Budget was held with Department Heads and supervisors. The information discussed at this meeting was the same information contained in this case as Exhibit A. Included in this information were recommended adjustments to balance the General Fund budget utilizing a tax estimate which maintains a tax capacity rate close to the 19.551 rate for 1995. Recommendations, if any, that result from the meeting with Department Heads and supervisors, will be distributed and discussed at the Finance Committee meeting. Proposed 1996 Payable Tax Levy In an attempt to recognize fees and taxes that property owners will be confronted with in 1996, we prepared the following analysis, which includes annual costs of programs that are currently billed or are going to be billed to residential properties in 1996: Direct Charges (via utility bills): Priority Street Light Billing $ 9,858 Curbside Recycling Billing 58,000 Tax Levies (via property taxes): General Fund Levy 1,320,050 Debt Service Levy 9,780 Rum River Drainage District Levy 28.000 TOTAL FEES AND TAXES - 1996 $ 1,425,688 The direct charges, which total $67,858, are costs that had been paid for through the General Fund tax levy or other sources in the past, but are now being billed directly to the properties. Without the direct billings these costs would most likely have been included in the tax levy and collected via property taxes. The General Fund levy of $1,320,050, is the minimum amount necessary to balance the 1996 General Fund Budget after incorporating the attached recommendations. The Debt Service levy of $9,858 is $15,073 less than the 1995 levy which, in turn, provides the General Fund with additional levying power for 1996. The Rum River Drainage District Levy of $28,000 is the result of actions taken to move forward with the Section 22 Drainage Project. This is a one year levy for only those properties located within the Rum River Drainage District and will not impact properties located in the Mississippi Drainage District.