CCP 12-02-2002 - Laserfiche WebLink

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Notice of Proposed Total Budget and Property Taxes . The Arden Hills City Council will hold a public hearing on its budget and on the amount of property taxes it is proposing to collect to pay for the costs of services the City will provide in 2003. SPENDING: The total budget amounts below compare the City's 2002 total actual budget with the amount the City proposes to spend in 2003. 2002 Total Actual Budqet $6,931,329 Proposed 2003 BudQet $10,803,902 Change from 2002 - 2003 55.9% TAXES: The property tax amounts below compare that portion of the current budget levied in property taxes in the City of Arden Hills for 2002 with the property taxes the City proposes to collect in 2003. 2002 Property Taxes $2,201,002 Proposed 2003 Property Taxes $2,265,712 Change from 2002 - 2003 2.9% LOCAL TAX RATE COMPARISON: The following compares the City's current . local tax rate, the City's tax rate for 2003 if no tax levy increase is adopted, and the City's proposed tax rate for 2003. 2002 Tax Rate 25.092% 2003 Tax Rate if NO Levy Increase 23,117% 2003 Proposed Tax Rate 23.854% All Arden Hills City residents are invited to attend the public hearing of the City Council to express their opinions on the budget and on the proposed amount of 2003 property taxes. The hearing will be held on: Monday, December 2, at 6:30 p.m. City of Arden Hills Council Chambers 1245 West Highway 96 Arden Hills, Minnesota If the discussion of the budget cannot be completed, a time and place for continuing the discussion will be announced at the hearing. You are also invited to send your written comments to: City of Arden Hills AUn: City Administrator's Office 1245 West Highway 96 Arden Hills, MN 55112-5794 . foR.... Pv.BL\L~i1DN l~ ~6'olt':1'I\~E"R... 1.'/ '2.~2- f,!)\fro...l O~ $'H-OR.6)1~."J - AIlI)0 I.h~ e\A~r,J