CCP 12-26-1995 - Laserfiche WebLink

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. ': - . :, ARDEN RILLS TRlITH IN TAXATION - NOVEMBER 30. 1995 2 - Mr. Post used overhead transparencies and handouts to review the information of the proposed I taxes. He used overheads consisting of the following information: Tax Computation Examples, I Chart - Components of Total Local Tax Rate, Chart - 1996 Proposed City Taxes for Homestead Property with an Estimated Market Value of$120,000, . Chart - 1996 Real Property Market Valuation, Chart - 1996 Real Property Tax Capacity, Chart - 1991-1996 Tax Capacity Percentage Change, . Chart - Proposed Payable 1996 Levy in Arden Hills and various surrounding communities, Chart - Proposed 1996 General Fund Revenues, . Chart - 1996 General Fund Expenditures, Chart - 1996 General Fund Summary, Chart - Summary Comparison of General Fund Expenditures & RevenuelTax Levies . 1992 Actual to 1996 Proposed. " Councilmember Malone commented on the chart of the Proposed Payable 1996 Levy which indicates just how much State aid Arden Hills receives, which is low compared to other communities. . Councilmember Hicks inquired as to how the rates are determined in regard to computation for 1996 on a Homestead Property. Mr. Post noted the total local capacity rate is the summation of . the various jurisdictional capacity rates applied against the tax capacity of the parcel. PUBLIC COMMENTS . Mayor Probst opened the Public Hearing at 7:45 p.m. . Mr. Roger Aitkin, 4863 Ramline, indicated the City Accountant deserved a lot of credit for the fine job of preparing the presentation and the Arden Hills Budget Document. He noted this helps residents understand the budget of the City. . Mr. Aitkin noted an amount of the adopted 1995 budget in the 1995 Arden Hills Budget . Document and indicated it is $1.5 million where in the handout materials it is $1,743,150. He questioned the difference. Mr. Post noted the amount is $1,743,150 and pointed this amount out in the 1995 Budget Document. He noted Mr. Aitkin may have found the lower number from a . previous year in the book. Mr. Aitkin inquired as to the changes in expenditures from year to year. Councilmember Malone ..- reviewed many of the expenditures noted in the Chart 1996 General Fund Summary and .