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Revenues
<br />The building permit revenue accounts were increased a total of $75,000 based on the discussion
<br />from the August work session. The original budget amounts did not include any major projects for
<br />2022. The $75,000 represents approximately 50% of the average of major projects over the past
<br />10 years.
<br />
<br />General Fund budget to actual comparisons for the past two years is included as Attachment F.
<br />
<br />Property Tax Levy
<br />A survey was recently routed to various cities in the metro asking about proposed levy amounts
<br />being considered. Below are the results of that survey.
<br />
<br />Arden Hills 3% - 5% Maplewood 5.00%
<br />Little Canada 3% - 5% Spring Lake Park 5.46%
<br />Lauderdale 4% - 6% Mounds View 5.50%
<br />Blaine 4.50% White Bear Lake 6.92%
<br />North St. Paul 4.5% - 6.5% New Brighton 7.5% - 8.5%
<br />Shoreview 4.56% Gem Lake 9.50%
<br />St. Anthony Village 4.80% White Bear Township 19.25%
<br />St. Roseville 4.92%
<br />
<br />Below are tables showing the impact of various levels of a city levy increase to Arden Hills’ homes
<br />assuming that a home’s value is decreasing by 0.75%, which is the median amount.
<br />
<br />Set levy at $4,408,480 (an increase of $128,400 or 3.0% over 2021)
<br />
<br />Set levy at $4,429,880 (an increase of $149,800 or 3.5% over 2021)
<br />
<br />
<br />Value of Value of Taxable
<br />Property for Property for Value for $%
<br />Pay 2021 Pay 2022 Pay 2022 Pay 2021 Pay 2022 CHANGE CHANGE
<br />180,000$ 178,700$ 157,500$ 399$ 411$ 12$ 3.0%
<br />387,500$ 384,600$ 382,000$ 966$ 997$ 31$ 3.2%
<br />410,000$ 406,900$ 406,300$ 1,028$ 1,060$ 32$ 3.1%
<br />525,000$ 521,100$ 521,100$ 1,333$ 1,373$ 41$ 3.0%
<br />650,000$ 645,100$ 645,100$ 1,725$ 1,778$ 53$ 3.1%
<br />CITY TAX
<br />Value of Value of Taxable
<br />Property for Property for Value for $%
<br />Pay 2021 Pay 2022 Pay 2022 Pay 2021 Pay 2022 CHANGE CHANGE
<br />180,000$ 178,700$ 157,500$ 399$ 413$ 14$ 3.6%
<br />387,500$ 384,600$ 382,000$ 966$ 1,002$ 36$ 3.7%
<br />410,000$ 406,900$ 406,300$ 1,028$ 1,066$ 38$ 3.7%
<br />525,000$ 521,100$ 521,100$ 1,333$ 1,381$ 48$ 3.6%
<br />650,000$ 645,100$ 645,100$ 1,725$ 1,787$ 62$ 3.6%
<br />CITY TAX
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