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CITY OF GEM LAKE
<br />Heritage Hall
<br />4200 Otter Lake Road j Gem Lake, MN 55110
<br />651-747-2790/92 j 651 747=2795 (fax) -
<br />E-mail cit emlakemri.or:_-
<br />September 14, 202I
<br />To: Mayor and City Council
<br />From: Tom Kelly, Treasurer
<br />RB: 2022 Preliminary Property Tax Levy
<br />State Statutes require: Cities to certify their preliminary property tax levies by September 30'�'this year.
<br />Vince the preliminary property tax levy is approved and certified to the County Auditor, the City can
<br />lower the levy during the remaining budget process but cannot exceed the certified preliminary levy. For
<br />this reason, most Cities certify a preliminary levy using worst -case budget scenarios, which is the case
<br />with the City's 2022 preliminaryproperty levy and budget.
<br />The 2022 preliminary property tax Ievy is proposed .at $608,060,00, which is a 12.958% in from the
<br />2021 certified preliminary properly tax Ievy: The.2022 prelimina. roe tax levy consists of a debt
<br />levy of $87,282.00 (a decrease from 2021 preliminary debt levy of $2; 5 00) and the general a eratin
<br />levy of $520,778.00 (an increase of 16.15% from the 202I preliminary tax Ievy), p g
<br />The following changes were made from the 2021 adopted budget as a basis for the 2022 proposed
<br />.preliminary property tax. levy:
<br />1, Based on the 2015 Refunding. Bond schedule the debt levy for 2022 is set for $79,477.00, I
<br />addition, in 2018, the City issued 'bonds for the improvements on Scheuneman Road and the 2022
<br />debt levy for this issue is $7,805.00. The two of these debt levies makes up the City's 2022 debt.
<br />levy of $87.282.00.
<br />2. Licenses and Permits decreased. $1,400.00 for Less building activity.
<br />3. City Council contingency was left, at $10,000.00.
<br />4. Clerk/General Government budget includes $20,000 for health insurance coverage:
<br />5. Police budgetwas increased I0:85% to $95,000:00,
<br />budget as of today. The City of White Bear Lake has not set their
<br />6. The cost of fire services could increase 14;40% to $29,343,00.
<br />7. Road Maintenance budget includes.$20,000,00 for trimming boulevard trees.
<br />8. SaMand remain at $17,000.00 and snow plowing. contract increase from $18,500.00 to
<br />$20,000.00
<br />9. Included a park maintenance budget of $5,000.00 for maintaining park are of the Villas of Gem
<br />Lake.
<br />1:0. The 2022 budget includes $25;000,00. for future improvements.
<br />It. Revenue and other expenditure line items adjust based. on past history..
<br />These changes result in the City proposed Preliminary
<br />2021 preliminary levy of $538,308.00 and 2021 finevy of tax $535,476.00 Usiingra 2022 p o2022. �perty tax:le s compares to
<br />of $608,060.00 and the City's 2022 tax capacity ($1,426,695,00) and median valued home ($352,000.00j
<br />for Gem Lake, that median valued: home, would pay City property taxes of.$1,3.64.02 in 2022 com aced
<br />to2021 preliminary levy of $1;136:94 (an increase of $227.08) and the 2021 final levy.amount of p
<br />$i,130.79 (an increase of5233.23),
<br />Again, as the City prepares its final 2022 budget the property tax levy can be lowered from the
<br />preliminary levy, but not increase. above the preliminary
<br />pass a resolution adolevy. So tonight, the City Council is re uested to
<br />pting the 2022 preliminary property tax levy of $608,060.00. q
<br />Look for us on the World Wide Web at gemlakernn:org
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