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Page 2 of 5 16 17 In the aggregate, the market value for the median single-family home rose less (4.35%) than all other 18 property types combined 6.65%). The Commercial and Industrial market values increased by more than 19 the combined increase so there will likely be a shift in the overall tax burden to this sector, depending on 20 the proration of property value to the overall property valuations. 21 22 More data is provided by Ramsey County in late August so we will have a better estimate of impact from 23 the market value and from increases in the preliminary budget which will be presented in August. 24 25 Budgetary Impacts from the 2023 Legislative Session 26 The 2023 Legislative Session ended after the conclusion of the Regular Session on May 22, 2023 and 27 there were several bills passed that will impact the City. The League of MN Cities will post the 2022 28 Law Summaries which provides a re-cap of laws impacting cities by the end of June due to the number 29 of bills passed. Below is a brief recap of some of the bills that may impact Roseville. 30 31 Public Safety Duty Disability – full state funding for continued health insurance benefits, mental injury 32 prevention training required (pre-service and in-service), 24 weeks of treatment required, State pays for 33 time off and some expenses for mental injury treatment. This change in law is expected to reduce city 34 costs. 35 Paid Family and Medical Leave – creates a state-administered paid family and medical leave insurance 36 program, effective January 1, 2026. There will be a .7% payroll tax for all employees, half can be charged 37 back to employees. Wage reporting requirement begin July 1, 2024. This change in law may increase 38 city costs. 39 Earned Sick and Safe Time – requires employers to provide employees with one hour of paid sick and 40 safe time for every 30 hours worked, up to 48 hours a year and 80 ongoing. This applies to seasonal and 41 part time employees. This change in law will increase city costs. 42 Adult-Use Cannabis – creates a statewide regulatory framework where state will license and the city 43 issues registrations for the sale of adult-use cannabis. The city may collect registration fees and will be 44 provided a portion of the tax revenue from the sale of cannabis. The State of Minnesota has indicated 45 that they don’t expect to allow the sale of adult-use cannabis until January 1, 2025. It is expected the city 46 will receive tax revenue from the sale of adult-use cannabis (no estimates have been given yet) but at this 47 City of Roseville - Extracts from County Assessor Reports Overall Market Value increase in 2023 is 6.65% versus 12.99% in 2022 %Increase 2023 EMV 2022 EMV Single Family 4.35%$349,900 $335,400 Townhomes 1.03%$293,100 $290,100 Res 2-3 units 1.50%$398,000 $392,300 Condo/Coop 6.18%$144,300 $135,900 Apartments 2.07%$2,780,400 $2,723,900 Commerical - Office 42.49%$1,085,900 $762,100 Retail 4.51%$2,171,900 $2,078,200 Industrial 12.82%$4,722,850 $4,186,100