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As an example, Mr. Hartley proceeded to review his own property tax statements from <br />1988 and 1989 which indicate the total tax bill and how it is distributed amongst the various <br />governmental units. Mr. Hartley estimated that with the newly adopted tax bill and the <br />routine factors that figure into property tax calculations, his property taxes will decrease by <br />$18.00 in 1990. <br /> <br />4) What are the changes? <br /> <br />a) <br /> <br />According to legislature, the law that was adopted intended for there to be <br />no change in the amount of dollars collected from taxes as a result of the <br />shift in education dollars. <br /> <br />b) Property classifications. <br /> <br />As a result of the City's increased valuation, Mr. Hartley estimated that residents of <br />Ramsey will see a property tax reduction of 1% in 1990, maybe less depending on property <br />tax classification. Mr. Hartley qualified his estimate for a reduction in 1990 property taxes <br />by saying that neither the state, nor the county nor the school district could estimate what <br />the impact would be to property taxes as a result of the new tax bill and that he is putting <br />forth his best estimate based on ail the factors he is aware of. <br /> <br />Mr. Hartley reiterated that the 17.7% increase indicated in the publication is misleading but <br />the contents of the ad were provided for by the Department of Revenue. <br /> <br />CITIZEN INPUT <br /> <br />None. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Pearson and seconded by Councilmember Cich to adjourn the <br />public hearing. <br /> <br />Motion carded. Voting Yes: Acting Mayor DeLuca, Councilmembers Pearson, Cich and <br />DeLuca. VotingNo: None. Absent: Mayor Reimann. <br /> <br />The public hearing adjourned at 7:29 p.m. <br />Respectfully submitted, <br /> <br />Sylvia Frolik <br />Planning Assistant <br /> <br />David Hartley <br />City Administrator <br /> <br />City Council Public Hearin~d~'qovember 14, 1989 <br /> Page 3 of 3 <br /> <br /> <br />