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• . <br /> .. .'1 ----1 <br /> NTS.J II 1\I I ,. <br /> J <br /> 1\1 1 , <br /> F E A T U R E S <br /> CITY FINANCES "Taxes don't exist for taxes'sake; <br /> they are the vehicle to achieve <br /> .,,J1:. 2010 Property Tax Report /4 public goals.That said,the public's <br /> This year's report shows the continuing toll the weak <br /> housing market and economic recession have taken on cities. willingness and ability to financially <br /> 3{ In addition to declines in residential homestead market value support government services is not <br /> and total city market value,cities again had to deal with insatiable.The true question,then, <br /> state aid and credit reimbursement cuts and levy limits. <br /> is not only what services do we really <br /> Seeking Financial Solutions/6 need and want in our community but, <br /> In This Issue Property tax is just one factor affecting cities'financial future. <br /> In this issue,we present the 18th A projection of city budgets based on current revenue and equally importantly,what can we <br /> annual property tax report and expenditure trends shows that Minnesota cities will be really afford?" <br /> the data table prepared by League unable to pay their bills by 2015. <br /> policy analysis staff.You'll also find —As I See It,page 3 <br /> ea special supplement with this issue 2010 Property Tax Data/8 <br /> that includes a table allowing you The data table that accompanies the property tax report contains <br /> to compare your city's data with tax base,tax rate,and levy and aid data for all Minnesota cities. <br /> averages of cities from the same A separate table on the LMC website contains city-by-city <br /> geographic region or population data on market values and tax capacities by property type. <br /> size category.In addition,we tell •you about a new League effort to Communication Collaboration <br /> find solutions to the growing city C O L U M-N s In today's economy,many <br /> find cial crisis. cities are looking for ways to <br /> As I see It/3 collaborate and share resources. <br /> No New Taxes Long before the Great Recession <br /> Mankato <br /> Governing Your City/31 started,the City of <br /> Price of Eminent Domain Reform entered a partnership that has <br /> paid off in many ways.Read <br /> LMCIT Loss Control/33 more on page 52. <br /> Certificate of Insurance Statutes Revised <br /> Legal Notes/35 <br /> Did You Know?/39 <br /> 2010 LMC Regional Meetings Screening Out Lawsuits over Movie Night <br /> Worried about how shrinking HR Update/41 <br /> revenues and tight budgets will Surviving the Pandemic <br /> impact your city's operations?Join Tech Window/45 <br /> the League at our 2010 Regional Cheap Backup Solutions Aren't Worth the Risk In Every Issue <br /> Meetings to learn about strategies, <br /> tools,and resources that will help Profile/52 Editor's Note /2 <br /> you effectively manage your city Mankato's Communication Partnership City News /29 <br /> 00Leduring uncertain economic times. Around the League /36 <br /> am more and register in the N E X T MONTH Idea Exchange /43 <br /> Training and Conferences section at Training /47 <br /> www.lmc.org. November-December 2010 Professional Directory /49 <br /> Orientation of Newly Elected Officials <br /> 1 <br /> SEPTEMBER-OCTOBER 20I0 MINNESOTA CITIES I <br />