Loading...
HomeMy WebLinkAbout3. Public Hearing for 2009 Budget/Tax Levy CITY OF SHAKO PEE Memorandum TO: Mayor and Council Mark McNeill, City Administrator FROM: Gregg Voxland, Finance Director SUBJ: Public Hearing for 2009 Budget/Tax Levy DATE: November 24, 2008 Introduction & Background The City is required to hold a public hearing on the 2009 budget and tax levy because of the size of the tax increase. The actions needed are: 1. Open the public hearing. 2. Presentation. 3. Questions and or comments. 4. Mayor to announce that either: The hearing will be continued to December 8th at 7:00 PM at Ci ty Hall OR The tax levy and budget will be adopted on December 16 at a public hearing at 7:00PM at City Hall. S. Close the hearing. 6. Give staff direction on any modifications to the proposed budget or tax levy. j4J Gregg Voxland Finance Director H , \ Finance \budget \ SHAKOPEE ~ SHAKOPEE SHAKOPEE ~tt SCOTT COUNTY Department of Taxation 200 4th Avenue West Shakopee, MN 55379-1220 www.co.scott.mn.us IMPORTANT INFORMATION IS PRINTED ON THE BACK OF THIS FORM Property ID: R 270010340 1.1.1..1.1...11.1,..11.1.....11.. II...I,II..I...I.II,lm 11..1 Property Address: 203 1 AVE E SHAKOPEE MN 55379 SHAKOPEE EDA ' CITY FINANCE DIRECTOR Taxes Payable Taxes Payable 129 HOLMES ST S in 2008 In 2009 SHAKOPEE MN 55379-1328 Property COMM COMM Classification: Taxabte Market Value: $3,104,900 $3,200,000 Legal Description: CITY OF SHAKOPEE Your taxable market value for property tax payable in Lot-001 Block-003 2009 was sent to you in the spring of 2008. The period to P/O BLKS 3 & 4 & VACATED LEWIS discuss possible changes has passed and changes can no longer be made to your property valuation. It is included here for your information only. Mailing Addresses and (2) Proposed 2009 Telephone Numbers Property Tax 'DEe 4,'200B'7:00'PM'.. SCOTT COUNTY GOVERNMENT eTR COUNTY BOARD ROOM 200 4TH AVEW SHAKOPEE .. ,.... ."~:489;24'::riEC f200S"7:00:P);i.." SHAKOPEE CITY HALL 129 HOLMES ST S SHAKOPEE :",. ,,,,..,;,,,,,,,,,,,". " ,,,.',,,',,'." .,'" ' "',0":,;<.,':,.." :..," """"":"211,188:79" 'C" ,.:; '. '..... .....: ..... .- 29,095,00 I NO MEETING REQUIRED 21:39'> . NO MEETING REQUIRED: < ! ,~_:~!~9:7~";.'..'>;' ',DEc2:~6~:~:~Pr.A: C' DISTRICT OFFICE 952-496-5011 BOARD ROOM 505 HOLMES ST S Voter Approved Levy 2,978.43 3,106.40 SHAKOPEE ....,..,.'..:..'.:,'.:::,.:.'....:.\':'.':.;:..'.. . '. , :::. . : .".. : '. , .... ::-:. :; . .:', ".:. : ..:. . .: _c. ,......",:.::".':.,.' ::.'. .': :.: ;. '-";.' : (:.~':::': '.".,' :.: . ,< ...... ~~!~~re~m}~)(" .. ...... '. . .~7515.~2 ....... . ~9 275:35 NO MEE Fisca" Disparities ' 24,433.48 26,602.71 1 NO MEETING REQUIRED TOTAL 94,676.00 99,782.00 Percent 5.4% Excludln S eclat Assessments of Change - THIS IS NOtt A 8lLib :,.' "IDE) NE7r'r 8AX" ~ SHAKOPEE SHAKOPEE Calculation of Property Tax o Assessor - Est. Market Value o State Legislature - Tax Capacity o City Council - Tax levy qgllars o C~IJ - S,relld~ ~7 ( /; G (;f)~lf TreaIilUrer"-QJl" TllIxes 4 SHAKOPEE Average Estimated Market Value Assessor 2009 EMV $258,800 $245,400 -5.2% LMV $256,400 $244,900 .~ 4.5% . 5 SHAKOPEE Limited Market Value Trend 350,000 300,000 250,000 200,000 -EMV 150,000 100,000 -LMV 50,000 - 2006 2007 2008 2009 6 SHAKOPEE Homestead Tax Capacip, Catculation - Le:glslature 2008 256,400 X 1.00/0 = 2,564 2009 244,900 X 1.0% = 2,449 7 SHAKOPEE Tax (JaDllcity Pay '09 Gross Tax Capacity 46,~~iI:B~7 Net Tax Capacity 40,291,151 Net of TI F & Fiscal Disp. CI % of Tax Capacity 34% 340/0 Homestead % of Tax 56% 56% Capacity 8 SHAKOPEE Tax Capaci~ R;ale Net Levy / Total Tax Capacity =T ax Rate 2008 12,863,055 / 40,291,151 = 31.925 2009 13,373,282 / 40,940,626 = 32.665 9 SHAKOPEE Individual Tax Amount 2008 2,564 X .31925 = $819 2009 2,449 X .32672 = $800 10 SHAKOPEE l;ax Cap,aoi!X Rllte Parts Residential (Est. ) Pay '09 Pay '08 r~RX~~~ City .31925 x 2,564 City .32665 x 2,449 Fire Station 17 .0000655 x 256,400 Fire Station 16 .0000652 x 244,900 State Market Value (48) (43) Credit * Total Tax $768 $793 11 SHAKOPEE ResfCI fax Compari~on Residential Comm./lnd. Pav'08 Pav'08 TCR X Tax Capaccitv City .31c~.;'.~t;~ City $1.398 ... .31925 x 4,378 , .. Market Value Credit (43) Fire Station 17 17 .0000652 x 256,400 Total $793 $1 ,415 12 SHAKOPEE SHAKOPEE SHAKOPEE SHAKOPEE ~ SHAKOPEE SHAKOPEE ~ SHAKOPEE SHAKOPEE Change In Market Value Sample Residential Parcels 700000 - 600000 500000 400000 300000 200000 100000 0 2005 2006 2007 2008 2009 20 SHAKOPEE Tax Rate Trend 60 55 50 45 40 (I) .... 35 ~ ~ - 30 25 20 15 10 I I 2004 2005 2006 2007 2008 2009 Year 21 SHAKOPEE Tax Levy Dollars 2008 Tax Levy 2009 Tax Levy 0/0 ChanQe General Levy $13,042,083 $13,652,000 4.7010 EDA - General 60,000 60,000 0.00/0 Debt Service 898,172 1,005,438, 11.9% Fire Referendum 201.752 246.239 22.10/0 Total $14,202,007 $14,963,677 5.4% 22 SHAKOPEE City Nondebt Tax Levy History Year Levy Chan~ 2004/05 9,047,169 13.0% 2005/06 9,998,811 10.5% 2006/07 11,651,697 16.5% 2007/08 13,102,083 12.4% 2008/09 13,712,000 4.7% 23 SHAKOPEE SHAKOPEE SHAKOPEE ~ SHAKOPEE SHAKOPEE SHAKOPEE ";', . I' . ",' ",,' ''',;..:,'''';.::::, ' . , . ";,' 'PII" "'1 .':i~"l0(::r "."~ "'.:." ""'..' "..'," , '. ' ,,' ''': "" :', ' ;"".'<'" ", '....'. ,,' ,I' "" "",:,' ", ' '.",," : "':.',', , "",,,, II,," ':,. ' ....."., '''', '" ,,,' .:: '.' ' , " ""'i::I'~" ""'" '."':',' ,'.' CITY OF SHAKOPE.E "..," "', . ,,' ,'," 'I'~., " , " '..i1! 2009 gBlNHRALIR.JNI1 B~r:nJ'.'lJO 91J1.11.1ARY~ B " '" , ,'" . . " , , ' ,',," , ,,' ' .. ','" , ',," I" ,'', '" " ,/" ," , ".,' ,.'" ., ,. "',..", ,'I' ',' " ' .. , " ,"" "" ",'" " ,,' , ' " ""', '.'" '" .., , " ',' . , ,'" '''''''' , . ':') ',' . ,", ; ,.".'. '''''''''1 '" I', '" , '< '", 2,908.. . '20()9 ,,' " ,', . """':~'" r..ft~iiEl'~.{~'; '. L ~ 0 '*"' IIlIil<J'llt. S ~~iMilta;' ~~ . .:~ ~~ ,,~. Iei.~~..: '{/'~ ll.: IU..I~I ~$~;I._9,'HI ; ''',' ", ," Licens~s and Pe'fmits ",',. ',.....," m>...,; ,'-"~2()O()(t.:. <"".'683.300 ' ~ F:~:5~~"- ,.o{,~" .~iir."'..::~:~;. ...... . .. ,......~ ....".D'..:.';..,h:. -;""... .. 10"'~'" , ";;.1"",., ,..." "",,- .. ,,;tDh\I' v N ~'~ ::}'{ v ""C'i:::"::,;<i '. ^'~A ~ ':'::~~~;:i:\:~~t~:F;~;i'\I\!I:::m, ';i .<~<~'. >""< ):':;jj \'" M 18ceflaneotls . '. ';<i1405:000',/, ;"'i' 45.1 300 , x y.~ > ~~:8::~ei\1 "~, ~"Jt'""", ~ "~ .' ,:,:, ',:::ii;::>:--..:<:i:;'" " , '''~,.,& '~ ,~~">,,,~'., '~l~~t@fu~'" "~"""<\' "~ :~;<,,(~, ;/:.;y:.,:V : <\-l.,};?,;'>.<~,,;< . " '" .."Td~f"~l ~'~we~:lt:t.e . "..' 115 5!IS:6PO;;;llii;' .';~!!',6";464:510' ." t"ili"g"~:~I';Y', ,,, , v , ' · ... * > ~~flTI~BM~ z~}'\ x ~,,'O ~H~~ ;< ~ , ~ "h ~ <~x" , >it !~' 'f)ftD'~' '!~dl"ty'.'r"es' " .'..';,"L;;BI;1;; ':;;1;;,'>1>:. ";,.:".",;;,, . "', ..' I:~~ .... "' ",. h"", . iliA."" . " ~;(" ,," ',,"' "!""" ;)};X 1t%#i '\ "" ., '" " '" ,,~-"1h< " ~J"" 'if ~-Y;~\0t "~~:~.::'i~+,,-. ",. "1"L, G "\~t~~ ,~\!; . '"\;: 0,,, -',' '~,;; . ".i~eAer:<lQG~~r4J4FflJeQ~ ... ". .' ,,'{.. y i~1jl\7:;~~ ~~;,:,,,:i@;;(',,~ "1.~~4er3,~60s~' , 't'Qf' Y ,c~:;; '(,''<' ". ." '1if/ '.4p".>t\\ '7\'1"> ;i,' ',L." ""7;1> ., '" / ~~'Hr:i:% S~~~"~;>':;.'1!};c ',. , . f'~:;;~' ~9" ~~.', /~~ ,,:;:i/~; 4.993 320./ ::;t.h<~~ ~a\~..;y!., 1 '; ,;",;;..., , '/ r. 'i" I ',' "', r!lljs;:~f-q:rl' " - f J!<,- ...\-.tII~1"' .~If'~I"1t ...1..... 11" , .,:: ,,~xf. 'JNiif;"""'1cif:;ln 41€ \:'6'/," ',%:<\\!Iii'" "piS: :'iJk~ ::." lit;?, ~tJi'nt~.tI~,,/.. "lr~@~I;~tL"mnil;~. "."~( 01$\'~~~'Ii~fS,/1i; )}!i~;.:r.i2.,!.L;t;~~lI:"'Y ,,"1i~:~~20d'\' / "'V,, L"," ,,'.....!l\'1 "'m;\, fe, ";,,. 'A;. /,11 " ,,,,,.-,,,1:iltlfu,, ..' ,J i '/" '.' '" @{%1{{ ;t;@_m *%)}}}:,Gf, if "wNfilit~1::~H-_ 1" "'''Hniffi '" ~ "" It. "i;lfiIH::r." "it (X. ~ "~~ '" , '0A)"~ii~1~t~;;~ ;'~,',;~t:/,'" / ,,,;::j,, !Iljsx1~~j!r~\~~~/"I\~/5*w@);,DQiOiJP ''#;'" ,'$': .," Jii'3':'~11i 'li', "1i~:";:~Ji;10 '. " 1if"'. ::%(> 01.'/ " ,*1'1' '1'i""W~" "'?" <}#l:"q . .ifW '\\f ,C :!:r::'_i:,t.,.". ~Q~t- :,""'0"":,,,,-..;., !\ rt' ;J:l ',...., t ':" -', "'''' ~ "~~ '''''~~\':'iqfgf~ "PElI\l~li@J~~~.J." :;" '~"S0',,"jd 1',(O~'~1l 'is.'}''': :~] ,:5@~\"OD.! ;.,4 ,;'$ '" '5fr"i; '1"L,,,,c.:~?" ;;b".uf~" '"" , ". "'~' "" <<'" ': ",', 081!';?j", "CJ."". .", ' "0.. >>:"" ,,~ ~X~ '~~j&$j; ~>fill ~>*I:::a.;ii ~~qillID} ;c">' V~ '% ].;J.;;J."~ y :j:l:{:::::'r:::;r:~ ~'!fg:,}) en0 % '1m&:g< v~x, ,,~ :~j\e}JGeftYl~~'.j~!.e.eYJ>;~e~eQ,'~S' '\J:~ ,,~,>>~~: ,;~. "~i'k~ "ilf~ ''''''',,~,,' :2~: ' , '" ',~;~ ~'';JE;~~2ttd1\?~~' \,. ", ',,> ;:~1"64:~~'.i~~:~~~!:~:C/~6g;'iS98?t .ye~'f:-~i:' ,,:~.!l~~'i,,< ""f .:~'" """ ", j ~~P:; l<iii~-\..i~~~;;L "~~~'tF',,,' )/: ;;!!Io-"'t'ih\ ~,;"" "s' 2';'Y~'~.::j.;,;.r, .,,'t;;r;~ . ". ' "b1'''' ]p~;~:""(J. ;il(J~;'O:'(J~t;;" ,;ilit" :';;,,2"" "0<~O/4', <>~+'~;9w"'4;:Qu ..' . '" ' . e,l!, ("Ulr~i!lSS." ' .. ,'" B" . '1'" .')i{" , ''is;!' JL '" !ltl '"". ,:r -~~ ,:,w, . ,is.: " "",, ",'i:;; 1~1!;:'''''V', 'i:.;. ,:' '7::- . "f d.. ," "" ie: O'!iit...J",,;;u' ,:::,,:,:,.:..:fll;; "":",,,', ::" ....,;. "'G;'~"~.0;7~it~1"';i~':)"" .<i;i!"::>::;~if'''1'~34:i11~1l::'0-'-J'';';'1i;;\"" ' .".: '':Ue.rti ,,&S""';'\ ,i;f;',," .. ,," " . ,";, "LI ;:1;111 f'S5lt!n\)' ',in",,; , ';;~ 'v,. V; ;;; , :- ,.." -:'. ',,- '''''' ,,' '''!~L''': '~''':<~'> '" ,)tl .! ~ , . 1,," .', '''''r'~ . ~.r;f'" , , , "j" .<;,. "": <- ' ' "';ii,;", ."., " '. " .' ;", ",,;,;/' ",;;;i",., 'I. ,'Yi', ., ., ,ii' '" " ..eL.' , .;u"'E" '. e'''''s'''' 'J"'f"I'" ""f'~"i~'~L 'i" ";,,,,,', '~'''''R-;' u' I'''''';; ",.n:'," '::i;" ..'~'''~''. .;;)" , "c-'e."s""S-' '''''e - J:C.'lle"',r'c'-'~ Y"'\' .e--'I:en' ue'''s' :,<,,".. '"",'" ';, e, .',' ': _ '~:! ~ - .,;~_!, '~ O;;ifl,: ,.it~. B ~',' :, ~;y::: ' . .' ,', ".,,' .':;. ,', ' ': , ,'C);. i'/',. ',,,;;,... ,;'~ :vi' ,,,,,:,,,;~......":;. " . . I '');i,i;" " ..' , ":"';' . """ "''''''.'' . ~"'L I::~" ""d" "" ,. " '";",,,. ' ',~" ~_~~~~.i~~,- ,.. n+~'~Il~jl:~> ~_~ . ..! .' ~ItREl.I!l~I~4!r~. '.,'2 ~ ~M,4lll"JIif~I!l.f4. "'I':' ";, " "",'" "n " " """.."":,..,,, 'O" """;,, " "m','" ""'."",~,_",., , " ',' " ,,'. :'3'0' , ,,' "', , . . ..' , .- ,:' '. ;, ;;;r;il · '.' . . ;~PfT;: " :', ' " ",...', """' ", ' " " " " " ", ',' ': '." ,:' ' ;. ," ,.,,;.". ;'i"': ',":',', ", ': ':' I"~, ii"~,: ,;, " SHAKOPEE SHAKOPEE SHAKOPEE SHAKOPEE SHAKOPEE SHAKOPEE SHAKOPEE SHAKOPEE . . " ... .. ... . . . .... . . . . .. . . .. . '.' s .... .. .. . . ... . . .. . . . ... HAKOPEE ............ . .. '" ... ... ... ., ... .. .. .... ............ ................... n.... ................ . . .. ... ... ... ... ... ... ... .. .. .............. ..................... ... ........... ." ........ ......... ..... ..... ...... ." . .... ... .. ... .' . ., ." .... ..........,. .......,... n........... ................ . ..........n......... .. .............. . .. ......... n... SHAKOPEE SHAKOPEE SHAKOPEE SHAKOPEE SHAKOPEE SHAKOPEE . ... H SHAKOPEE >q ..... SHAKOPEE SHAKOPEE SHAKOPEE