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Regular City Council Meeting Monday,November 27, 2023 Page 3 City Manager and City Manager over two years or something so that their percentage increase is not greater than the people working for them. Mr. Vaughn Klingenberg,975 County Road C2 W. Mr. Klingerbeng explained his property valuation went up forty thousand dollars. He indicated his questions were similar to the gentlemen before him. He wondered how the City can justify a nine percent increase in his property valuation when the inflation rate is less than three percent. He explained as far as the Roseville budget, his property tax went from fourteen hundred dollars to sixteen hundred dollars at twelve and a half percent increase and again he was wondering why it went up so much when the inflation rate is only three percent. With no one else requesting to speak, Mayor Roe closed the public hearing at approximately 6:43 p.m. Council Discussion Mayor Roe explained regarding the property values and what Ramsey County does in terms of how much the County changes an individual property value; that does not necessarily relate to the inflation rate. The inflation rate is a Federal Government calculation based on a market basket of goods. He noted housing is a factor in it but can also exclude housing as well. Regardless of that he did not think there was any question that as people have looked at the marketplace, both for rental, as well as for the cost of purchasing a home, general trend has been fairly significantly upwards. That is why there is not a direct correlation between property value changes, especially individual property, and what the generalized inflation rate is. Ms. Pietrick recapped that the County assessor establishes the assessed valuation for every single property. She reviewed how the assessor comes up with the property values. Mayor Roe explained regarding the snow plowing,that he did not believe anything has been added into the budget for being able to operate over a twenty-four-hour period rather than have the shift operations. He indicated regarding claims,the City is insured through the League of Minnesota Cities Insurance Trust which would handle claims,but the City may be self-insured for some things. Ms. Pietrick explained this is a question that has come up before and what the City budgets for is for average insurance costs. The City does have a risk management fund where all claims are accounted for. The City budget is an average for those claims whether it be work compensation, property and liability, those insurance charges are within every department budget. The funding comes from the departments into the risk fund where the claims are paid out.