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I REQUEST FOR COUNCIL ACTION
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<br />Department Approval,
<br />Manager Revi,iewpd: Agenda Section-.0
<br />Item Description: Introduction of the Proposed 1986 Budget and
<br />19816awwol,990 Capital, Improvements Program
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<br />In com,pliance, with State Statutes requiring local government
<br />budgets to be certified to the Countyiby October 10, the 1986
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<br />Proposed, Budget 'is being presented at this time. The proposed
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<br />budget is now available for public inspection.
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<br />The following is a brief overview of the 1986 Budget'.
<br />Estimated Assessed Valuation:
<br />The estimated assessed valuation for 1986, as of August 19 1985,
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<br />is $339,,579,8281, This i,s an increase of $748,852 over the 1985
<br />valuation, .
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<br />Expenditures, Levies,, and Mill Rate.-
<br />The total budget, for 1986 is $13,243,,,147, Thais 'is an increase io
<br />$1,019,447',,i or 8,34 pericent over 1985. Tax levy requirements to
<br />fiinance this budget, are,, $4,587,136, for an 'increase of $146,201,
<br />or 3.29 percentiiii I
<br />Biased oin the esit mat,eid assessed valuation and the levy req
<br />uirements,
<br />the,mill, rate of 1,9186 will, be 13.51 mills, compared to 13.14 mills
<br />i,-fi. 19 8 51,91 MEN
<br />'Taxes
<br />The 19816 budigiet will have a zero 'impact, on the taxes of Roseville
<br />IF
<br />homeowners. This is due, to three factors,.
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<br />10 The "increases in, the levy requirements and the mill, rate are
<br />sma 11 411
<br />2. The hiomestelad credit has increased from $650 to $700,
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<br />30 A change in the miethiod of calculating assessed value has
<br />benefl"itted higher valued homes.,
<br />,Attached is a, summary of amendments madle tc) the Proposed 198
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<br />Budget since the August 191., 1985 Council work Session,
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