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CITY OF GEM LAKE, MN 4200 Otter Lake Road Gem Lalce, Minnesota $5110 �- - - September 12, 2017 To: Mayor and City Council From: Tom Kelly, Treasurer RE: 2018 Preliminary Property Tax Levy. State Statues require City's to certify their preliminary property tax levies by September 29"' each year, Once the: preliminary property tax levy is approved and certified to the County Auditor, the City can lower the levy during the remaining budget process but cannot exeeed. the certified preliminary levy. For this reason, most.Cities certify a preliminary levy using worst -case. budget scenarios, which is. the case with the Mayor's 2018 preliminary property levy and budget. The 201$.prelim nary.property tax levy is proposed at $514,021, which is a 3,:99% increase over 2017 certified preliminary property tax. levy. The 20 IS preliminary property tax levy consists of a debt levy of $84,399.00 (an increase from 20`16 preliminary debt levy of $75,9.87.00) and the general operating.levy of $429,622,00 (an increase of 2:71 % over 2017 preliminary tax lev.y). The following changes were made from the 2017 adopted budget as a.basis for the 201..8 proposed preliminary .property tax levy; I . Based on the 2015.Refunding: Bond schedule the debt levy for 2018 is setfor $84,399.00, In 2017, the debt levy was set at $75,987.00 and $700000:00 in 2016. For 201$, there are no reserves available to reduce the levy.at this time. This is. an increase ❑f $8,412.00 or 11.07%. 2. The 2018 Planning and Zoning .budget includes $50,000.00 for the 2019 .Comp. Flan. Update and engineering services increased. $1.5,000 rased on.past expenditures. 3. Polite budget left at 2017 budget amounts. 4. Based on budget numbers provided. by the City of White Bear Lake the cost of fire services could increase 3:35% to $17,050.00, 5. Legal services. increased $20,500..00 to $42,500.00 for possible land development issues and past expenditures: G. Election services increased to $8,850.:00 from $7,026.00 based on Rarnsey County Election Department budget. numbers. 7. Budget for Heritage Hall increased to $25,850.00 from $24,250.00 based on past expenditures. 8, The 2018 budget includes $20;000.00 for future improvements. 9. Revenue and other expenditure. line items adjusted based on past history. These. changes result in the City proposed preliminary tax levy increasing to $514,021.00 for..2018. This. compares to 2017 preliminary levy of $494,281.00 and 2017 final levy of $439,671.00. Using Look for us on the World Wide Weis at gemlakemmorg