Agenda - Council - 09/09/1997 - Laserfiche WebLink

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I I I '1 I I I I I I I I I I I I I I FC CASE # l ADOPT RESOLUTION APPROVING PROPOSED MAXIMUM 1998 PAYABLE TAX Background: ~VY AND SCHEDULING BUDGET PUBLIC HEARING DATES By: Jessie L. Hart, Finance Officer The following inform Revenue. In addition special levy for the between 1997 and 1998. ion is based on the levy limits as certifed by the Minnesota Department of o the levy limit maximum, we are utilizing the ability to apply for a in the revenues to be realized from the COPSFAST grants 'he debt service levy remains outside of the levy limits as certified. Proposed Tax General Fund Special Levy Debt Service Levy [levy limit as certified] Grant [being requested] $ 2,186,721 27,590 . 6,295 TOTAL PROPOSED 1998 $2,220,606 The attacheed resolution, as it is reflects a maximum levy of $2,220,606. A levy at this level is estimated to result in a tax c'Xapacity rate of approximately 20.000, or a 2,2% reduction from the 1997 rate of 20.454. C x . While the maximum proposed levy an always bl~ reduced, ~t cannot be increased without "higher" level approval through an appeals process..~,xTherefore, it is staff's position that the maximum proposed levy be adopted at tonight's meeting~,~,the level proposed. b rtfi dt Anka' t The proposed maximum levy must e ce i ~e o o a C, oun y by Monday, September 16, 1997; therefore, the Council must make a decision at tonightb-,,meeting as to the amount of this levy. . Scheduling Budget Public Hearing Dates The City of Ramsey's 1998 public hearing to consider the 1998 budget and tax levy must be held between November 29 and December 20, 1997, and the date of the initiai hearing must not ~ flcioCnt t~Vni tuhattiho en dt~; ::i Snegl e Cmtae~. b Y teed ~l~vU enWr; cSeCihv°e°dl dnioS~i~ :~ S;/rnS P e CAi~oa~ taaX~ug nd/; t ~ihc2: ' tahl~h~hg~ governmental units have set the following hearing dates: