|
2024 Preliminary Budget Presentation/ Public Nearing — WhIte Bear Township l+inance.Ofticer,
<br />Toni Kelly
<br />Under state law, cities. must adopt proposed property tax levy by September 3.0 of each year. The
<br />proposed.levy will be. used .to produce parcel -specific taxpayer notices, also referred to as truth -in -taxation
<br />notices, which tiviII be. distributed to taxpayers in Noveinber. If a city .fails to certify its. proposed levy to the:
<br />county by September 30, the county auditor is required to use the authority's previous:year's f.naI.levy.as
<br />the levy for the following year.
<br />City. Treasurer Torn Kelly gave an overview of the 2024 preliminary property tax levy is proposed at
<br />$711,742,. which is a' 7.291% increase.fro m the 2 0.2 3 certified pre Iiminaryproperty tax Ievy..Tlie 2024
<br />preliminary property tax levy consists of debt:levy of $81,554.00 (a decrease.froirt 2023 preliminary debt
<br />levy. of $2;864.00) and the genera1.operat ing levy of.$63Gj 8.8100 (an increase of 3;806% from the202.3
<br />.preliminary tax levy).
<br />'The following changes were made from the 2023 adopted budget as a basis .for the 2024proposed
<br />preliminary property tax levy:
<br />1.. Based on the 2015 Refunding Bond schedule; the debt levy for 2024 is.set'.for M,269,00. In
<br />addition, in 201:8, the City.issued bonds. for the improvements on Sclie uneman Road and the 2Q24
<br />debt levy for this issue is: $5t285.0i1...Tlie two of these debt. levies makes up the :Gity's 2024 debt
<br />levy 9f S81.;554.
<br />2, Did not include small government aid from the State since the City no longer qualifies. This
<br />reduces revenues: by $7,000.00.
<br />3. City Council contingency was increased to $I0,000 (Vas $%000).
<br />4. Clerk/General Government budget includes.$60;000:00 for wages -and $11.,000 for health
<br />insurance coverage..
<br />5.. Clerk/General Government.budget.does not include $15,815.f6r the.:new software.
<br />0. Manning & Zoning budget increased $5,000.00 based on. past expenditures.
<br />T. Police.budget was increased. 12.38% to $129,46G based on the City of White Bear lake budget
<br />provided us and includes $115,817 for police services aiid $1.3,589 for debt payments on the new
<br />public facilities building.
<br />8. The cost of fire:services could increase 4104%.to $48,669.00. It includes $31;982. for fire
<br />:services, $7,746 for fire rnarshal services, and $8.94:1.:For debt payments on the new public.
<br />facilities building,
<br />a. OvLrall, the City ofWhite Bear Lake would like Gem Lake to pay $22,530 for the next
<br />20 years for their new facility.
<br />9. Road Maintenance budget includes $22,000 for road maintenance/repair and $15,000 for trimming
<br />boulevard trees.
<br />10. Salt/sand reduced .$31000 to Sl 2:000.and snow plowing contract decreased from $17,000 to
<br />$15,000, both based on past expenditures.
<br />H..Heritage. Hall budget includes $15,000 for building impiroVements tothe office doors and front
<br />window for:securityand $15,000 for the irrigation system.
<br />I2:.1lcIuded a. park maintenance bLid get. af$6,000.for maintaining park. are a.oftlie Vi11as ofGcm.
<br />Lake.
<br />13. The 2022.budget includes $26,000.00 for future improvements..
<br />14, Revenue and other expenditure line items adjusted based on past history.
<br />These changes result in.the City proposed preliminary tax levy of $7.17,742,00. for 2024. This compares to
<br />20.23 preliminary (e.vy of S669,115.00 and 2023 final levy of $6 1,22.1.00. Using a:2024 property tax Ievy
<br />of $717,742.40 and the Ci.ty's 2024 tax capacity ($1,761,612.00.) and median valued. home ($429,600.00)
<br />for Gem lake, that inedian valued ]ionic, would pay City property taxes of$1;576.46 in 2024 cornpared.to.
<br />2023 preliminarylevy of $1;49.1:95 (an increase of $84.51.) and the 2023.finaI levy amount of.$1.,450:95
<br />(an increase of $125.51).
<br />Cityo€'Gem W. k'6.C:`ity CoukiIMQ4 -tine Mfmaes July :I8, 2023 2111 .; ;?. ,
<br />
|