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ARDEN HILLS CITY COUNCIL WORK SESSION November 19, 20072 <br /> <br />McClung questioned whether the market value is being phased out and coming into the <br /> <br /> <br />Finance Director Iverson replied that was not correct. <br /> <br />indfall is at. <br /> <br />Finance Director Iverson showed the limited market value and the impact to the taxpayer <br />and the local tax rate. She pointed out line number seven of the tax impact worksheet. <br /> <br />Councilmember Grant questioned whether line item five was correct. <br /> <br />Finance Director Iverson replied that was the local portion of the levy last year. She <br />explained which number was certified to the County. <br /> <br />City Administrator Wolfe stated staff always based the levy discussion on the local <br />portion as the City controls it. <br /> <br />Councilmember Holden questioned how 3.2 percent for the market value was derived at. <br /> <br />Finance Director Iverson commented this is the average for Arden Hills as reported by the <br />County; individual taxes could vary widely. <br /> <br />Public Works Director Hoag commented that some of the parks maintenance is a result of <br />Park staff salary adjustments. <br /> <br />Councilmember Holden asked what the percentage of benefits are based on salary. <br /> <br />Finance Director Iverson stated she has never added it up to determine this. She directed <br />Council to page 23 and pointed out the numbers. She commented she would email this <br />information to Councilmembers. <br /> <br />Councilmembers reviewed each chapter and asked for clarification on line items within <br />the 2008 Budget. City Administrator, Finance Director Iverson, and Assistant City <br />Administrator Simon made note of changes and requests. <br /> <br />City Administrator Wolfe informed Council that the 2008 Budget is based on a general <br />tax levy increase of 4.95 percent. She requested discussion on several key items: <br />