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Regular City Council Meeting Monday,August 27, 2012 Page 17 on figures from Ramsey County, and asked when those calculations were made available. Mr. Miller advised that the calculations were performed early in 2012 for 2013, and indicated values declining by 8.7%, with some properties increasing and some decreasing, with the majority fluctuation in the 6%to 9.5%range. Councilmember Pust asked if Mr. Miller took that value decrease into account when coming up with additional taxes, or whether that had already been sub- tracted out, with Mr. Miller responding that it had been taken into consideration, and this is the net tax impact. Councilmember Pust asked Mr. Miller to provide just the tax numbers, outside property valuation calculations; opining that the proposed increase would be far higher; with Mr. Miller concurring that it would indeed be higher, but was not a true reality of the actual property tax bill. Councilmember Pust, reflecting on her seven (7) years on the City Council, not- ed that over that time, the gross percentage had increased and decreased; and asked that Mr. Miller provide that set number for her review; opining that the perception is that taxes always go up in Roseville. While there may be some • truth to that perception, Councilmember Pust opined that a discussion was needed to ensure that comparisons were being done accurately. Absent the change in property values, Mayor Roe estimated that the increase would be closer to 14.8%. Mayor Roe opined that it would be helpful to have that statistical analysis; including how many homes in Roseville fell into the changing valuation category in order to understand the whole mix. Councilmember Pust noted that there was also a historical percentage increase in the levy in Roseville over the last seven (7) years. Mr. Miller advised that staff had previously provided that analysis over the last ten (10) years for the City Council as they determined what was driving the an- nual levy increase; and volunteered to update the information for the City Council's review. Councilmember Wilimus referenced a memorandum sent out today by staff re- lated to debt service; and asked that staff provide additional follow-up tonight or at the next meeting regarding the City's credit rating and what could or could not jeopardize the City's credit rating by spending down reserves. Coun- cilmember Wilimus questioned if increasing the City's debt could also have a negative effect on the City's credit rating.