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<br />FC CASE # a <br /> <br />ADOPT RESOLUTION APPROVING PROPOSED 2009 PAYABLE TAX LEVY <br />By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />Proposed 2009 Payable Tax Levy <br /> <br />Proposed Tax Levies: <br />General. Fund Levy <br />EDA Levy (Included in General Levy) <br />Debt Service Levy - CIP Bond- <br />(Fire Station #1) (Being Requested) <br />Certificates ofIndebtedness (2004 Cap Equip Cert) <br />(Being Requested) <br />Certificates ofIndebtedness (2005 Cap Equip Cert) <br />(Being Requested <br />Certificates ofIndebtedness (2006 Cap Equip Cert) <br />(Being Requested) <br />Debt Service Levy - Lease Revenue Bond- <br />(Municipal Center) (Being Requested) <br /> <br />$8,127,034 <br />291,705 <br /> <br />152,024 <br />75,632 <br /> <br />226,800 <br /> <br />188,181 <br /> <br />449,362 <br /> <br />Drainage District Levy (Mississippi Sub drainage ) <br /> <br />43.348 <br /> <br />TOTAL PROPOSED LEVY - 2009 <br /> <br />$9.554.086 <br /> <br />The attached resolution, as it is presented, reflects a levy of $9,554,086. <br /> <br />The levy, as proposed, would reflect an increase in taxes of $16.62 on a home valued at <br />$200,000. This example assumes a 0% increase in market value and holding county & school <br />levies constant at 2008 levels. A schedule is attached showing the effects on homes at varying <br />market values. <br /> <br />While the proposed levy can always be reduced, it cannot be increased without "higher" level <br />approval through an appeals process. Therefore, it is staffs position that the maximum proposed <br />levy be adopted at tonight's meeting at the level proposed. <br /> <br />The proposed levy must be certified to Anoka County by Monday, September 15, 2008. <br />Therefore, the Council must make a decision at tonights meeting as to the amount of this levy. <br /> <br />Scheduling Budget Public Hearing Dates <br /> <br />The City of Ramsey's 2009 public hearing to consider the 2009 budget and tax levy must be held <br />between November 29 and December 20, 2008, and the date of the initial hearing must not <br />conflict with the dates selected by the county, school districts or special taxing districts, although <br />