Agenda - Council - 10/09/2018 - Laserfiche WebLink

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Motion carried. 7. COUNCIL BUSINESS 7.01: Consider Adopting Resolution #18-194 Adopting Proposed 2019 Payable Tax Levies (General, EDA, and Debt Service) and Schedule Public Hearing for December 11, 2018 Finance Director Lund reviewed the staff report and stated that based on the consensus of the City Council at its work session on August 28, 2018, staff would recommend authorization of a preliminary levy in the amount of $11,906,550, with the possibility of reduction prior to the City Council adoption of the final levy on December 11, 2018. She stated to schedule the City of Ramsey's budget/levy public meeting on Tuesday, December 11, 2018 at 7:00 p.m. Acting Mayor LeTourneau acknowledged the amount of work that has been put into the budget thus far to get to this point. Councilmember Kuzma stated that the tax statement includes not only the Ramsey portion but also includes taxes from the School District and County. Finance Director Lund confirmed that the property tax statement includes four components, the City, County, School District, and other. She reviewed some of the items that fall into the other category. She stated that those other entities present their preliminary levies to the County by September 30th to be incorporated into the tax statements. She stated that Ramsey is within both the Anoka Hennepin and Elk River School Districts and therefore residents will see the appropriate district on their statement. Councilmember Riley asked for details on how the revolving fund is being used to offset the cost of some of the debt. Finance Director Lund reviewed the road debt amount for the past year and included in the proposed budget. She stated that the Council is choosing to use the Public Improvement Revolving Fund to offset half of the road debt costs for the 2019 budget. Councilmember Riley confirmed that the fund is composed of previously collected revenue that is used for road improvement purposes. Councilmember Shryock stated that the levy includes road debt and additional staff positions. She asked the difference between the budget, as proposed with the staffing changes, compared to adding zero staff positions. Finance Director Lund estimated a difference of about $225,000. Acting Mayor LeTourneau asked if any members of the public would like to speak. City Council / September 25, 2018 Page 6 of 13