Laserfiche WebLink
I@ I\i E Agenda Section: Public Hearing <br /> Report Date: December 1, 2021 <br /> BRIG HT4 N Council Meeting Date: December 7, 2021 <br /> building tomorrow today <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> ITEM DESCRIPTION: CONDUCT A PUBLIC HEARING TO SOLICIT PUBLIC COMMENT ON THE 2022 PROPOSED <br /> BUDGET AND 2022 PROPOSED PROPERTY TAX LEVY <br /> DEPARTMENT HEAD'S APPROVAL: Gina Foschi GrIF <br /> CITY MANAGER'S APPROVAL: <br /> No comments to supplement this report 01\ Comments attached <br /> Recommendation: To conduct a public hearing to solicit public comment on the 2022 <br /> proposed budget and 2022 proposed property tax levy. <br /> Legislative History: <br /> • August 10, 2021 Council Worksession - City Council received the 2022 City Manager <br /> Recommended Budget <br /> • September 7, 2021 Council Worksession —subsequent budget discussion and CIP <br /> presentation <br /> • September 14, 2021 Council Meeting - City Council approved a preliminary 2022 tax levy of <br /> $11,475,600. The preliminary 2022 tax levy was certified to Ramsey <br /> County and used in their calculations for their parcel-specific notices <br /> mailed to each property owner. <br /> The City is now required to hold a meeting at which the budget and levy will be discussed and the <br /> public is allowed to comment, often referred to as a "Truth in Taxation" hearing. <br /> Financial Impact: The proposed 2022 property tax levy of$11,475,600 represents an $873,200 or <br /> 8.24% increase from 2021. A median-valued single-family home of$315,700 will pay an estimated <br /> $1,142 annually or $95 monthly for the City property taxes. This is an annual increase of$143 from <br /> 2021. <br />