2021.12.07 TNT Minutes - Laserfiche WebLink

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December 7, 2021 Page 2 of 3 Council would approve the final budget on December 14, 2021. Mayor Niedfeldt-Thomas reported the Council made the decision to hold a separate hearing for 'the budget in order to allow the public to make comments. Motion by Councilmember Abdulle, seconded by Councilmember Allen to close the Budget Hearing. 5 Ayes, 0 Nays - Motion Carried The Budget Hearing was opened at 6:48 p.m. Pat Rother, 490 9t Avenue NW, expressed concern with the proposed 8.24% increase in the tax levy. He commented on the estimated taxes for the median value home in New Brighton noting this was a 14.2% increase. He questioned why other cities get more LGA than the City of New Brighton. He reviewed his property valuation, noting it would be going up 8.5% and explained his taxes would be going up 16.7%. He stated this was an unreasonable increase. Morris Wolf, 2670 14th Street NW, indicated he had an issue with the proposed budget increase because this would increase his City taxes by 21%. He requested further information from the City on the relationship between the increase in a homes value as it relates to an increase in property taxes. Alicia Givens, 742 7th Avenue NW, noted the New Brighton Truth in Taxation hearing was scheduled for the first Tuesday in December each year. She commented the school district also held their Truth in Taxation hearing on this same night. She encouraged the City to consider changing their meeting date and time. She expressed concern with the proposed tax levy 'increase. She explained she was promised that the new project near her home would bring a reduction to her taxes. She stated this did not happen, rather her taxes were proposed to increase. She encouraged the Council to stand by what was promised. Motion by Councilmember Allen, seconded by Councilmember Dunsworth to close the Budget Hearing. 5 Ayes, 0 Nays - Motion Carried The Budget Hearing was closed at 6:59 p.m. Councilmember Allen explained for the homeowners with lower than market value homes, the increases in property taxes will be higher as a percentage. He stated how the value of his home has increased over the years. He commented on the Midtown Village project and stated over time, with the way this project was funded, taxes would go down. He estimated this project would add $500,000 to the City's budget in the long-term, but noted this funding was not available at this time. Mayor Niedfeldt-Thomas requested further comment from staff on how the median value homeowner would be impacted by the proposed tax levy. Finance Director Foschi reviewed how the median value homeowner would be impacted by the proposed tax levy. She described how property taxes were calculated based on the City's total tax capacity and tax rate. City Manager Massopust explained the property tax calculation and formula was driven by the State 'and was not created by the City. Mayor Niedfeldt-Thomas requested clarification on the City's portion of the total tax bill. Finance Director Foschi noted the City's portion of residents tax bill would be roughly 26%. The remaining portions of the tax bill would go to Ramsey County, the Mounds View Public School District and other taxing districts.