|
<br />City of New Brighton, MN
<br />Maximum Tax Levy for 1998
<br />Attachment A
<br />
<br />The City's public hearing on the tax levy will be held on December 10th. If needed, the hearing will be continued to December
<br />18th. All meeting will be held at New Brighton City Hall, 803 5th Avenue, NW. The meetings will start at 7:30 p.m. Calls
<br />should be directed to Finance at 638-2100.
<br />
<br />Levy Limit:
<br />General
<br />Parks Capital
<br />Sealcoating
<br />Perfonnance Pay Program
<br />Sub-Total
<br />
<br />1997 1998
<br />Budget Budget
<br />$1,954,800 $2,074,000
<br />$70,000 $5,000
<br />$71,500 $73,000
<br /> ($20,000)
<br />$2,096,300 $2,132,000
<br />NA $74,700
<br />
<br />Matching Grants:
<br />
<br />Capital:
<br />
<br />Equipment Certificate
<br />Bond Payments"
<br />
<br />$244,800
<br />$530,000
<br />
<br />$335,200
<br />$506,800
<br />
<br />Grand Total
<br />
<br />$2,871,100
<br />
<br />$3,048,700
<br />
<br />Percent Change
<br />
<br />4.01%
<br />
<br />6.19%
<br />
<br />*The above amount for debt purposes is based on the following pledge of other City resources. This pledge of other
<br />resources is irrevocable.
<br />
<br /> Payable Levy Other Resources Reductions Net Tax Need
<br />Fund 30 I Park Bonds of 1969 $55,702.50 $48,600.00 ($7,102.50) $0.00
<br />Fund 308 Water/City Hall Refunding Bonds of 1982 $256,925.00 $380,000.00 $123,075.00 $0.00
<br />Fund 311 FSC Bonds $412,635.00 ($37,635.00) $375,000.00
<br />Fund 357 1991 SA Bonds $126,291.00 $60,000.00 ($66,291.00) $0.00
<br />Fund 358 1992 SA Bonds $6,143.00 ($6,143.00) $0.00
<br />Fund 359 1994 SA Bonds $267,444.00 $136,400.00 ($74,244.00) $56,800.00
<br />Fund 360 1997 SA Bonds $153,251.00 ($78,251.00) $75,000.00
<br />TOTAL $1,278,391.50 $625,000.00 ($ J 46,591.50) $506,800.00
<br />
<br />G:IBUDGETI9BlLRPLANIMAXIMUM,WB2
<br />
<br />..
<br />
<br />15-&p-97
<br />
|