Laserfiche WebLink
• <br />ADOPT RESOLUTION APPROVING PROPOSED 2007 PAYABLE TAX LEVY <br />By: Diana Lund, Finance Officer <br />Background: <br />Proposed 2007 Payable Tax Levy <br />Proposed Tax Levies: <br />General Fund Levy $7,075,101 <br />EDA Levy (Included in General Levy) 393,375 <br />Debt Service Levy — CIP Bond - <br />(Fire Station #1) (Being Requested) 149,696 <br />Certificates of Indebtedness (2002 Cap Equip Cert) 67,216 <br />(Being Requested) <br />Certificates of Indebtedness (2003 Cap Equip Cert) 170,693 <br />(Being Requested) <br />Certificates of Indebtedness (2004 Cap Equip Cert) 79,270 <br />(Being Requested) <br />Certificates of Indebtedness (2005 Cap Equip Cert) 106,588 <br />(Being Requested <br />Certificates of Indebtedness (2006 Cap Equip Cert) 189,256 <br />(Being Requested) <br />Debt Service Levy - Lease Revenue Bond- 814,615 <br />(Municipal Center) (Being Requested) <br />Drainage District Levy (Mississippi Subdrainage) 43,348 <br />FCCASE# 5 <br />TOTAL PROPOSED LEVY — 2007 $9,089,158 <br />The attached resolution, as it is presented, reflects a levy of $9,089,158. <br />While the proposed levy can always be reduced, it cannot be increased without "higher" level <br />approval through an appeals process. Therefore, it is staffs position that the maximum proposed <br />levy be adopted at tonight's meeting at the level proposed. <br />The proposed levy must be certified to Anoka County by Friday, September 15, 2006. Therefore, <br />the Council must make a decision at tonights meeting as to the amount of this levy. <br />Scheduling Budget Public Hearing Dates <br />The City of Ramsey's 2007 public hearing to consider the 2006 budget and tax levy must be held <br />between November 29 and December 20, 2006, and the date of the initial hearing must not <br />conflict with the dates selected by the county, school districts or special taxing districts, although <br />—231— <br />