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<br /> ------------ <br /> . . <br /> . <br /> Arden Hills council 2 December 10, 1993 <br /> balance. Mr. Post reported that Arden Hills' tax rate is lower <br /> in comparison to neighboring cities of Mounds View, shoreview and <br /> New Brighton. The Arden Hills proposed tax capacity rate of <br /> 17.078% is very close to the average rate in comparison to <br /> neighboring communities. The City's 1993 rate was 14.382%. <br /> Mr. Post commented that the November, 1993 final report on local <br /> services funding by the Governor's Commission on Reform and <br /> Efficiency (CORE) found that Arden Hills' total expenditures on <br /> basic services were 28% below the basic spending level as defined <br /> in that study. <br /> Input and comment from the audience was invited. <br /> Tom Mulcahy, 3530 Siems Court questioned whether there is a <br /> maximum levy limit. He further commented he is not interested in <br /> the City providing additional services to the community. <br /> Councilmember Malone confirmed that levy limits no longer are <br /> applicable, and this law was appealed in 1992. <br /> Councilmember Malone further commented that a major reason in the <br /> shift of collection of tax revenue to residents is due to the <br /> industrial and commercial businesses appealing to the courts for . <br /> a reduction in their valuations. <br /> Councilmember Malone addressed the restoration of the General <br /> Fund balance and explained that the City recently received the <br /> December tax settlement payment from the County which had a <br /> revenue shortfall of $100,000. He further explained that the <br /> city's outside auditors suggest that the City begin year 1994 <br /> with a general fund balance of approximately $600,000. The <br /> reason for this request is that taxes are collected two times per <br /> year and the city receives little property tax dollars from the <br /> County until July. The City therefore could in some future year, <br /> need to borrow money by April if the $600,000 balance is not <br /> initiated on January 1, 1994. Currently, the General Fund is not <br /> able to maintain a positive cashflow between receipt of these <br /> county tax settlement receipts. <br /> Councilmember Malone referred to the Pavement Management program <br /> and explained the city streets need repair. As the City ages, <br /> infrastructure needs increase and the city is budgeting for <br /> additional pavement management projects. <br /> (Councilmember Probst arrived at 7:50 p.m). <br /> Eugene Richter, 3552 Glenarden Road questioned whether the city <br /> challenges these appeals made by the industrial and commercial . <br /> -- - ----- - <br />