Public Hearing on 2013 Tax  Levy and General Fund Budget & Adoption of Final levies and budget 

 
A budget/levy slide presentation will be provided that will outline the City's proposed 2013 Levies and General Fund Budget.

A brief recap of this presentation are as follows:

2013 Final Overall Levy:  $7,998,213 ($8,413,798 - 2012)

             Levy Components:  General Fund Levy:    $7,248,829
                                                 Debt Service Levies:  $   644,918
                                                 EDA Levy:                     $   104,466

2013 Final Tax Capacity Rate:  44.19%  (44.17% - 2012)

2013 General Fund Budget:      $10,293,837  ($9,648,075 - 2012)

    The 2013 General Fund Budget includes $463,000 in capital equipment.  At a worksession on November 27, 2012, council was in agreement that capital equipment certificates would be issued in 2013 to fund these items.



 

The City is required to hold a meeting where the City's budget and levy will be discussed and public can give input.   At its regular meeting of September 11, 2012, city council agreed upon December 11, 2012 at 7:00 and this date and time was printed on the proposed tax statements that were sent to each taxable property.

Staff recommends Council approval of the City's payable 2013 final EDA tax levy in the amount of $104,466, the City's overall 2013 final tax levy in the amount of $7,998,213 (EDA levy is included in this amount) and the 2013 General Fund Budget in the amount of $10,293,837.

None Required.

Motion to recommend City Council adoption of Resolution #12-12-XXX adopting the 2012, Payable 2013 EDA tax levy in the amount of $104,466.

and

Motion to recommend City Council adoption of Resolution #12-12-XXX Resolution Adopting the 2012, Payable 2012 Municipal Tax Levy.

and

Motion to recommend City Council adoption of Resoluton #12-12-XXX Resolution Adopting the 2013 City of Ramsey General Fund Budget.