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Recycling <br />An additional program included in 1992 is the recycling of solid <br />vaste. This program is not new, as it has been part of the <br />Ramsey County property tax levy for a number of years. As the <br />Council is aware, the funding of the program is now back to the <br />local coaununities and followinq the recommendation of the Solid <br />Waete Committee, the charge w311 be placed on the utility bill <br />beginning in 1992. <br />���H� ��'__•���-i- <br />The intent of this overview is to provide a summary of the 1992 <br />Budget, noting significant changes from the 1991 Budget. The <br />overview addresses four major areas: Tax Capacity, Levy and Tax <br />Capacity Rates, Revenues, and Expenditures. <br />� Capacity <br />Tax legislation passed in 1988 initiated the use of the term "Tax <br />Capacity" in place of "Assessed Valuation" as a measure of <br />property value as a base for property taxation. The City's Net <br />Tax Capacity (NTC) for 1991 was $47,263,540. The 1992 Net Tax <br />Capacity is estimated to be approximately $47,000,000, a decrease <br />of .56 percent as compared to 1991. <br />The decrease is due primarily to the changes in tax classifica- <br />tion rates of property because of the new property tax law passed <br />by the 1991 legislature. Roseville estimated market value has <br />increased by approximately 28. These numbers are very prelimi- <br />nary and could change by the time the actual levy is set. <br />evi s g� � Ca�acity Rates <br />The total 1992 Budget is $19,066,648 This is an increase of <br />$411,524, or approximately a 2.20 percent increase over 1991. <br />Tax levy requirements to finance this budqet are $6,998,913, for <br />an increase of 5.30 percent from the 1991 levy amount. <br />Based on the Net Tax Capacity and the levy requirements, the Tax <br />Capacity Rate for 1992 will be 14.93 percent. This is a 6.56 <br />percent increase from the 1991 rate of 14.03. Much of this in- <br />crease was due to a subetantial reduction in etate aids and a <br />change in state mandated tax classification rates. <br />The following table provides a comparison for certain Roseville <br />homes and smaller coaunercial/industrial properties. <br />4 <br />