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CCP 09-13-1999
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CCP 09-13-1999
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<br />. <br /> <br />. <br /> <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 Councilmembers <br /> <br />Terrance R. Post, Interim City Administrator @ <br /> <br />Preliminary Payable 2000 Levy <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />Backl!round <br />Staff has been developing, reviewing and summarizing the proposed 2000 budget throughout the <br />summer. At the outset of this process, Council gave general direction to staff with regard to <br />minimizing levy dollar growth and capital plan items. <br /> <br />At this stage in the budget process, it appears that the City will need the maximum levy allowed <br />($1,976,377) as communicated from the Minnesota State Department of Revenue Property Tax <br />Division (see enclosed State letter dated August 16, 1999). <br /> <br />As discussed with Council at the August 9, 1999 Budget Review Session, the preliminary 2000 <br />General Fund budget needs to utilize 98.5% of the maximum levy (assumes a 1.5% delinquency <br />rate) to achieve a balanced budget situation. <br /> <br />Historical Levv Information <br />The City has maintained a relatively consistent levy percentage increase in the last several years. <br />The following table summarizes recent net levy actions. <br /> <br />Year <br />1995 <br />1996 <br />1997 <br />1998 <br />1999 <br />2000 (Proposed) <br /> <br />Increase <br />DoIlars <br />$ 82,120 <br />51,170 <br />35,000 <br />35,000 <br />59,617 <br />51,763 <br /> <br />Percent <br />4.94% <br />2.94% <br />1.95% <br />1.91 % <br />3.20% <br />2.69% <br /> <br />Recommendation <br />Staff recommends that Council consider adopting Resolution No. 99-29, "Resolution Clarifying <br />Proposed Sums of Money to be Levied for Levy Year 1999: Payable in 2000," at the September <br />13,1999 Council meeting. <br />
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