Minutes - Council - 09/07/2010 - Special

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4.03. Adopt Resolution Approving Proposed 2011 Payable Tax Levy Finance Officer Lund stated this is for the overall property tax levy. She noted the EDA levy is included in that amount and there is a 5 percent decrease from 2010. There is no longer a Truth in Taxation hearing; we just have to hold a public hearing, which is scheduled to be held on December 14. She presented the resolution, which reflected a levy of $8,128,609. The proposed levy for 2011 reflects a $413,721 or 4.84 percent decrease from the adopted levy in 2010 of $8,542.330. She noted that while the proposed levy can always be reduced, it cannot be increased without higher -level approval though an appeals process. The proposed levy must be certified to Anoka County by Wednesday, September 15. Motion by Councilmember Wise and seconded by Councilmember Elvig to adopt Resolution #10 -09 -196 approving the City of Ramsey's payable 2011 proposed tax levy in the amount of $8,128,609 and to schedule the City of Ramsey's budget/levy public meeting for Tuesday, December 14, 2010. Further discussion: Councilmember McGlone stated it is 39.9 percent — we are approving that preliminarily — but we can put that back at 37 if we choose. Councilmember Look asked if everyone is comfortable with this or if it should be lower. Ms. Lund stated that the City Council said that was probably the highest they would go and the County numbers are not in yet. Councilmember Look stated he approved 39 and he is not comfortable with 39. The issue is he would like some thought going into what further cuts can be made so we have that information ahead of time. It will be difficult but he felt we need to turn over every rock. Motion carried. Voting Yes: Mayor Ramsey, Councilmembers Wise, Elvig, Dehen, Jeffrey, Look, and McGlone. Voting No: None. 4.04. Review and Adopt "Proposed" 2011 General Fund Budget Finance Officer Lund stated that 2011 General Fund Budget is strictly a proposed budget and will be amended in the following months before final adoption in December 2010. The budget as presented represents a balanced budget of $9,449,400, or a $248,641 or 2.6 percent decrease over the adopted 2010 General Fund Budget of $9,698,041. The revenue sources are made up of 74.5 percent taxes; 4.6 percent permits; 3.2 percent intergovernmental, 8.7 percent charges for services, 2.5 percent fines /interest earnings and 6.5 percent transfer from other funds. The proposed budget must be adopted by September 15 as well. Motion by Councilmember Jeffrey and seconded by Councilmember Elvig to adopt Resolution #10 -09 -197 adopting the Proposed 2011 General Fund Budget Motion carried. Voting Yes: Mayor Ramsey, Councilmembers Jeffrey, Elvig, Dehen, Look, McGlone and Wise. Voting No: None. Special City Council — September 7, 2010 Page 5 of 6