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Memo - City Council <br />2017 Proposed Preliminary Budget and Tax Levy <br />3 <br />3 <br /> <br />TAKING A LOOK AT ARDEN HILLS LEVY TAX RATE HISTORY <br /> <br />The State of Minnesota has granted local municipalities the authority to levy taxes to fun d <br />operations and debt payments. The City’s entire tax levy goes for General Fund expenditures. <br />For the City of Arden Hills, the property tax levy accounts for approximately 76% of the General <br />Fund revenues. Historically, the City does not use reserves to balance the City’s budget, <br />however, due to economic conditions the following chart illustrates the City’s use of reserves to <br />balance the budget over the last six years: <br /> <br />Reserves <br />Year Used <br />2010 41,201$ <br />2011 20,000$ <br />2012 -$ <br />2013 20,454$ <br />2014 -$ <br />2015 58,305$ <br />2016 160,325$ <br />The following table provides a historical view of the City’s property tax levies: <br /> <br />%% <br />Year Tax Levy Change Tax Rate Change <br />2002 2,201,002$ -25.092%- <br />2003 2,265,712$ 2.9%23.930%-4.63% <br />2004 2,333,337$ 3.0%23.367%-2.35% <br />2005 2,440,453$ 4.6%21.299%-8.85% <br />2006 2,537,520$ 4.0%20.191%-5.20% <br />2007 2,688,944$ 6.0%20.206%0.07% <br />2008 2,797,348$ 4.0%19.585%-3.07% <br />2009 2,948,646$ 5.4%20.520%4.77% <br />2010 3,016,465$ 2.3%22.647%10.37% <br />2011 3,040,964$ 0.8%24.180%6.77% <br />2012 3,096,994$ 1.8%25.544%5.64% <br />2013 3,191,230$ 3.0%27.931%9.34% <br />2014 3,257,456$ 2.1%27.954%0.08% <br />2015 3,359,775$ 3.1%27.228%-2.60% <br />2016 3,478,775$ 3.5%26.429%-2.93% <br />In 2009 the LJFD duty crew implementation began, while 2010 and 2011 saw the unallotment of <br />the MVHC to cities. The City Council has been very conservative in budgeting and has reduced <br />department budgets or used reserves to deal with the increased costs of our contracted services <br />while still maintaining services the last few years. <br /> <br />