CCP 12-08-1997 - Laserfiche WebLink

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.' DRAFT ARDEN HILLS CITY COUNCIL - NOVEMBER 24. 1997 3 I Councilmember Aplikowski inquired if Mr. Post would have the list of the cities used in the ,. comparison. Mr. Post noted he could provide the list at the hearing, perhaps at the bottom of the slide. . Mr. Post also noted a slide which was part of the bench handout also labeled Slide 6 which looks like a check from "average homeowner" to the City of Arden Hills. This relates to an average valued home in Arden Hills and how much this average resident would pay for City services, or I $3 I .08 per month. Mr. Post noted Slide 7 identifies how the 1998 proposed budget affects taxes. He noted this is 1 assuming same market value, etc. He would caution homeowners that most homes don't maintain the same market value. The average increase in residential value is approximately 6.34% for next year. I Mayor Probst noted this again does not reflect the impact of the on-going tax burden shift from commercial property to residential and asked when this tax shift will conclude. Mr. Post 1 explained that commercial class rates went from 4.6% to 4% for payable 1998, however, the long-term objective of the State of Minnesota is to get those class rates of industrial and commercial down to 3.5%. I Mr. Post noted the remaining slides are very familiar, the 1998 General Fund Expenditures Ie Analysis, Five Year Summary Comparison of Expenditures, Revenues and Levies, All Fund Expenditures, and Five Year Data. He pointed out although Slide 10 is a "busy" slide, it is very useful. . Mr. Post noted the additional items in the bench handouts. Slide 11, the glossary of taxation terms, would be beneficial for the resident. Slide 12 noted the comparison of state aid received 1 by Arden Hills to that of other cities. The last two slides are graphical representation of the proposed budget as well as capital expenditures. I Mr. Post stated this is what he proposes to present at the Truth in Taxation Hearing. I Councilmember Hicks agreed Slide 10 is a "busy" slide but noted that Mr. Post would normally have handouts which residents could follow and Mr. Post could summarize. Councilmember Aplikowski agreed that a brief summary to support the handout would be sufficient. . The Council had no further comments on the draft agenda for the Truth in Taxation Hearing. . RECESS Mayor Probst recessed the meeting at 7:28 p.m. to convene the Economic Development . Authority meeting. it 1