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<br />Notice of Proposed <br />Total Budget and Property Taxes <br /> <br />The Centerville city council will hold a public hearing on its budget and on <br />the amount of property taxes it is proposing to collect to pay for the cost <br />of services the city will provide in 2007. <br /> <br />SPENDING: The total budget amounts below compare the city's 2006 <br />total actual budget with the amount the city proposes to spend in 2007. <br /> <br />2006 Total <br />Actual Budget <br /> <br />$ 2,200,500 <br /> <br />Proposed 2006 <br />Budget <br /> <br />Change from <br />2006 - 2007 <br /> <br />$ <br /> <br />2,357,900 <br /> <br />7.15% <br /> <br />TAXES: The property tax amounts below compare that portion of the <br />current budget levied in property taxes in the city of Centerville for 2006 <br />with the property taxes the city proposes to collect in 2007. <br /> <br />Proposed 2007 <br />Property Taxes <br /> <br />Change from <br />2006 - 2007 <br /> <br />2006 Property <br />Taxes <br /> <br />$ 1,809,431 <br /> <br />$ <br /> <br />1,915,900 <br /> <br />5.88% <br /> <br />LOCAL TAX RATE COMPARISON: The following compares the city's <br />current local tax rate, the city's tax rate for 2007 if no levy increase is <br />adopted, and the city's proposed tax rate for 2007. <br /> <br />2006 <br />Tax Rate <br /> <br />50.484% <br /> <br />2007 Tax Rate if <br />NO Levy Increase <br /> <br />43.049% <br /> <br />2007 Proposed <br />Tax Rate <br /> <br />45.963% <br /> <br />Attend the Public Hearing <br /> <br />All Centerville City residents are invited to attend the public hearing of the <br />city council to express their opinions on the budget and on the proposed <br />amount of 2007 property taxes. The hearing will be held on: <br /> <br />Wednesday, November 29th, at 6:30 p.m. <br />Centerville City Hall <br />1880 Main Street <br />Centerville, Minnesota <br /> <br />If the discussion of the budget cannot be completed, a time and place for <br />continuing the discussion will be announced at the hearing. You are also <br />invited to send your written comments to: <br /> <br />City of Centerville, Mayor <br />1880 Main Street, Centerville, Minnesota 55038 <br /> <br />Note: Public Hearing Notice must be published on or after Nov 20 but not later than Nov 27,2006 <br />