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CCP 09-13-1999
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CCP 09-13-1999
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<br />. <br /> <br />CITY OF ARDEN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />September 10, 1999 <br /> <br />TO: <br /> <br />Mayor and City CounciImembers <br /> <br />Terrance R. Post, Interim City Administrato@ <br /> <br />Payable 2000 City Tax Rate <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />Backl!:round <br />In addition to the continuation of levy limitations certified by the Minnesota Department of <br />Revenue, the Minnesota Legislature also enacted during the 1999 legislative session a new <br />public hearing and resolution requirement for cities that will have a tax rate increase. This new <br />statute also requires the County Auditor to certifY a tax rate and the components for determining <br />the tax rate to the governing body of the city. If the governing body expects their proposed levy <br />to result in a tax rate greater than the rate certified by the County Auditor, they must hold a <br />public hearing, pass a resolution authorizing a tax rate increase, and file the resolution with the <br />County Auditor no later than October 20, 1999. The resolution does not have to state what the <br />tax rate increase would be; it must only affirm that the rate will increase. <br /> <br />. Tax Rate Calculations <br />Tax rate worksheet schedules (attached) provided by Ramsey County and completed by staff <br />indicate that the levy required to support proposed 2000 General Fund expenditures will require <br />an increase higher than that calculated by the County net levy certification. <br /> <br />Recommendation <br />Staff recommends that the City Cowlcil approve Resolution #99-28, "Authorizing a Tax Rate <br />Increase for the 1999 Tax Levy, Payable in 2000." <br /> <br />. <br />
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