Laserfiche WebLink
Councilman Cox said it was not really a loss but rather a <br />reduction in the budget. Mr. Graczyk explained the City would no <br />longer have that revenue source since reducing by one mill this <br />year is actually a 1.639 mill reduction over next year. <br /> <br />Councilman Cox stated this type of policy, which is set by the <br />State, works in reverse of good money management. If you try to <br />reduce and keep taxes down then you are penalized by the liberal <br />laws passed by the State. It also works in reverse of economic <br />development since it allows the levy limit to increase for <br />increases in population or number of households. <br /> <br />Councilman DeLuca asked if the special levy last year.increased <br />the levy limit for this year. Mr. Hartley stated it did not <br />because the State stopped including the special levy on dept <br />service into the base as of 1984-85. Ramsey is levying under <br />their total limit right now. <br /> <br />Councilman Cox asked that it be made clear that just because the <br />Council is adopting the levy tonight, if in fact they do, it <br />doesn't reflect that the Council is going to make purchases based <br />on the figures documented in the budget. Mr. Graczyk <br />agreed action tonight would establish the levy only and not the <br />expenditures. <br /> <br />Councilman Pearson asked what the change in homestead credit <br />would affect. Administrator Hartley explained it would affect <br />the amount of money coming from the State instead of the property <br />owner. <br /> <br />Councilman DeLuca pointed out the breakdown might have been <br />better if it showed a distinction on what Ramsey citizens would <br />be paying if the levy is reduced compared to what would be coming <br />in from other sources. <br /> <br />Administrator Hartlev ~ ~ ' <br /> . s~a~e~ the low end property values would <br />probably not be eligible for the full amount of the credit and <br />pay more where the ~ ~ . _ <br /> p~ope_~y on the hither end would receive fu!~ <br />credit from hom~s.~a~. <br /> <br />Councilman Cox.pointed o~t~ the m~jo~tv_ _~ _ cf homes in Ramsey are <br />ia~e model homes wi~h. low depreci~ion.~ <br /> <br />Motion by Councilman DeLuca, seconde~ by Councilman Cox, for the <br />adoption of Resolution ~87-243, a Resolution Approving the <br />As====e~ ~987, Collectable 1988, ~urren~ A~ ~~-~ -~ <br /> ..... ~ ~ v=~o~um Property Tax <br />Levy. <br /> <br />City Council/October 6, 1987 <br /> Page 5 of i0 <br /> <br /> <br />