Agenda - Council - 09/14/1993 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I CITY OF RAMSEY'S PAYABLE 1993 PROPOSED PROPERTY TAX AND BUDGET PUBLIC HEARING DATE By: Jessie L. Hart, Finance Officer LEVY Background: The Finance Committee will be meeting on Monday, September 13, 1993 at 7:00 a.m. to finalize their recommendation for the City of Ramsey's Payable 1994 Proposed Maximum Property Tax Levy. The proposed maximum levy and~ a public hearing date must be certified to the Anoka County Auditor's office on or before September 15, 1993. It is important that a recommendation is made for Council action on September 14, 1993. Attached to this case is a schedule that indicates various levels of tax levies and the effect on a $100,000 property. While it appears that taxes could go up substantially, we must keep in mind that the City makes up only 14.23% of thc taxing dollar or in more simple terms, for each $1.00 of taxes paid, approximately 14.23 cents comes to the City. The tax capacity rate for 1993 was 16.182% while the average for Anoka County cities is closer to approximately 18.00%. The City of Ramsey's 1994 public budget hearing must be held between November 29 and December 20, 1993, and the date of the hearing and possible reconvene date may not conflict with the dates selected by the county or school districts. We have received notice from Anoka County that the other governmental units have set the following hearing dates: Public Hearing Date: November 30, 1993 December 6, 1993 December 7, 1993 December 14, 1993 December 20, 1993 SchooI'District #11 School District #728 Reconvene - Metropolitan Agencies Reconvene - School District #11 Reconvene - School District #728 Anoka County Reconvene - Anoka County The dates that we are recommending for the City of Ramsey's 1994 public budget hearing and reconvene date (if necessary) are as follows: Initial Hearing Wednesday, December 1, 1993 Reconvene Hearing Wednesday, December 8, 1993 7:00 p.m. 7:00 p.m. It has been suggested by the Legislature that the actual levy and budget adoption take place at the next regularly scheduled City Council Meeting which would be on Tuesday, December 14, 1993. What this does is ensures the public that comments received during the public hearing(s) are given rime for due consideration before the final levy and budget are adopted. The council will need to establish the initial public hearing date and a reconvene (if necessary) date at tonight's meeting.