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HomeMy WebLinkAbout12/07/1994 TENTATIVE AGENDA ADJ.REG. SESSION SHAKOPEE, MINNESOTA DECEMBER 7 , 1994 LOCATION: City Hall, 129 Holmes Street South Mayor Gary Laurent presiding 1] Roll Call at 7 : 00 P.M. 2 ] Open Public Hearing on 1995 Budget 3 ] Opening Remarks by Mayor Laurent 4 ] Budget Review by Councilor Sweeney 5] City Council remarks and questions 6] Citizen comments and questions 7] Close Public Hearing or continue to December 14th at 7 : 00 P.M. 8] Other Business 9] Adjourn to Wednesday, December 14th at 7: 00 P.M. , or Tuesday, December 20th at 7 : 00 P.M. Dennis R. Kraft City Administrator REMINDER: Committee of the Whole meeting December 14th at 7 : 30 P.M. Joint meeting with County and Township officials to plan for growth in Northern Scott County TO: Dennis R. Kraft, City Administrator FROM: Gregg Voxland, Finance Director RE: Tax Levy & Budget Hearing DATE: December 1, 1994 Introduction and Background Council has a public hearing set for December 7, 1994 at 7:00 PM to receive comment on the proposed pay 1995 property tax levy for the City and the 1995 budget. If the hearing runs long, Council has set a continuation date of December 14 . If the hearing is closed on the 7th, Council must announce that there will be subsequent meeting on the 20th to actually adopt the tax levy and the budget. Action Requested Open public hearing on the 1995 tax levy and budget, receive comment, announce that there will be a [continuation of the public hearing on December 14, 1994 in City Hall at 7: 00 PM] or [a subsequent hearing on December 20, 1994 in City Hall at 7: 30 PM to actually adopt the tax levy and budget] and close the hearing. Materials for Tax Levy Hearing 12/7/94 dP M M dP 0 0 coU • • V • U1 P4 w O E-1 { � f •.1,114 :>r Ga 3 _ •y .res E-4 AC' H ,—I - -r t ,x� 1/1 -4, sYYj" dP CO0 0 0 dP 1-1 ui N 0 dP in• .1 � r-I 0 do >al 4j • co :. V `-� r _ H • w ., • t ++ • 114 X In Exl 4.1 rti l PI do H co i I dP • C•1 O N U � C4 W a� O ca � A rd v GI •.a CIL'Y OF SHAKOPEE 1995 GENERAL FUND BUDGET SUMMARY 1994 1995 Estimate Estimate Revenue Taxes $2,816,882 $2,854,504 Special Assessments 0 0 Licenses and Permits 344,700 444,600 Intergovernmental 809,480 821 ,250 Charges for Service 659,210 749,560 Fines and Forfeits 60,000 64,000 Miscellaneous 96,590 141 ,350 Total Revenue 4,786,862 5,075,264 Expenditures General Government 1 ,366,720 1 ,536,770 Public Safety 2,441 ,950 2,098,670 Public Works 1 ,127,350 1 ,228,400 Recreation 666,950 668,580 Miscellaneous 177,000 136,000 Total Expenditures 5,779,970 5,668,420 Excess (deficiency) Revenues over Expenditures (993,108) (593,156) Other Sources 978,634 624,384 Other Uses 0 Excess (deficiency) Revenues & Other Sources Over Expenditures & Other Uses ($14,474) $31 ,228 Residual Equity Transfer Fund Balance December 31 $1 ,490,376 $1 ,521 ,604 • CITY OF SHAKOPEE, MINNESOTA General Fund Budget Summary by Division Division 1994 1995 Budget Proposed Council 67,420 69,450 Administration 194,060 219,200 Clerk 116,690 121 ,170 Finance 278,660 302,310 Legal 185,970 212,090 Planning 408,130 464,430 Gov't Buildings 115,790 148,120 Police 1 ,389,520 1 ,490,650 Fire 865,310 410,240 Inspection 187,120 197,780 Engineering 355,480 357,100 Street 586,820 759,180 Shop 185,050 112,120 Park Maintenance 307,270 292,420 Swimming Pool 150,300 136,580 Recreation 209,380 239,580 Unallocated 177,000 136,000 TOTAL 5,779,970 5,668,420 NEW EMPLOYEE POSITIONS BUDGETED FOR 1995 Police Officer #1 Police Officer #2 Planning Tech. Code Enforcement Comm. Dev. 3 Vol. Firefighters All positions are less than full year. Police Officer #2 is dependent on grant approval. N t0 to N a) x ui H tfl W 4/ w = P114IT, C7 ON t 1 :, i tit. # .n.ay°. ' vt f-1 01 H �. t t 'i� Er 1 i 1 w-.r ir'lL i-, . .... = ,..r.qh' 1 g n a PI rx4 ��Pa0 El ' �+ ?�, 4 w ry" PI 00 PI (. • _ x v dP cr 1-1 CO -+a a 4 X '.' F' U v ,i ,. t t%. 00 .,-1 .\' dP � dP CO a) M {! fI) H \ v ^ N N ........ a) a) N N a x w °w w V 0 N o a) W o id '� o -4.) H r1 o a a in -,-1P a) Z w a) 0 tnP a) 4) o H ciP ri N N a) E P a) o — clo o O w. ' w m Y:. cdW rrr7cn v • w H T k A g U w4 tai X Ln �. r • 01 k, .w __________ } �wRz ' ;IIH afE- O ` i r 7 � ,g W • W H a w K } ., P W r y -?. 'f 1 ' is z .x;+ L:: s ;i: ' .. /� a L ..-1 : $ . y 4.3 �' rti II) va /ter deo U a a) (Y� N ch, v r • a ,-AQ N a) Id .se w a) 3 vii .,-i U 2 H A o a 0 N- to (O N C) Q) fC a H W P4 37. L W o/ . rn ` Ih 1-1 H r� G a PI OV T M'k i 'r. ` h'-• S s' liitk1-1 Z 1St. ly.. 4 • ti W R co Co U, C) Q — N- CO M N N cn .O N- CO CO CO co N a CIS Ln c 0O coo oo C co .,— c .- 2 C N LSC) CO M CC) N- cn Cr) N It))_ Cti v C Cil .0 0 CO CV CV 0 T Cr) Y In T In T a) cn 0 CV Co as L M d' U O CCD CO Lo IC) S CO 0) ttf CO T CV a) co J Nt 0 In r O �- CV 'd' T .0 a. Q) CCD COO co CMoLU co 0. N. T LU O CV . T c� .0 a) a) a) a) >, >+ O O Ti. N E W W a) Cl) N '" N a) C N -0 a_ CD a) a)cu O a- Y ( >, C 't3 >+ Oas O a) O cz .--' U) L .0 >_ oa c� O a) +>+. -O co C3) a 0, . _ i- CT) a) a) 0 a T T T Shakopee Assessed Value and Taxes Payable Assessed Value Formulas Residential Properties - Homestead 1988/89 1st 68,000 @ 17.00% excess @ 28.00% Tax Capacity Formulas Residential Properties 1989/90 1st 68,000 @ 1.00% 68-100K @ 2.00% excess @ 3.00% 1990/91 1st 68,000 @ 1.00% 68-100K @ 2.00% excess @ 3.00% 1991/92 1st 72,000 @ 1.00% 72-115K @ 2.00% excess @ 2.50% 1992/93 1st 72,000 @ 1.00% excess @ 2.00% 1993/94 1st 72,000 @ 1.00% excess @ 2.00% 1994/95 1st 72,000 @ 1.00% excess @ 2.00% Assessed Value Formulas Commercial Properties 1988/89 1st 60,000 @ 28.00% excess @ 43.00% Tax Capacity Formulas Commercial Properties 1989/90 1st 100,000 @ 3.30% excess @ 5.06% 1990/91 1st 100,000 @ 3.20% excess @ 4.95% 1991/92 1st 100,000 @ 3.10% excess @ 4.75% 1992/93 1st 100,000 @ 3.00% excess @ 4.70% 1993/94 1st 100,000 @ 3.00% excess @ 4.60% 1994/95 1st 100,000 @ 3.00% excess @ 4.60% See examples on following pages. Shakopee Assessed Value and Taxes Payable Residential Tax EMV Tax Cap. City City Parcel Year Value Value Tax Rate Tax 27-004147-0 1988/89 63,400 1,376 15.008% 206.51 1989/90 66,600 666 16.929% 112.75 1990/91 68,900 698 23.426% 163.51 1991/92 68,900 689 23.979% 165.22 1992/93 72,000 720 28.162% 202.77 1993/94 72,000 720 27.104% 195.15 1994/95 77,000 6.94% 820 13.89% 25.188% 206.54 5.84% 27-037013-0 1988/89 74,800 1,646 15.008% 247.03 1989/90 79,100 1,062 16.929% 179.79 1990/91 79,100 902 23.426% 211.30 1991/92 79,100 862 23.979% 206.70 1992/93 83,200 944 28.162% 265.85 1993/94 83,200 944 27.104% 255.86 1994/95 89,000 6.97% 1,060 12.29% 25.188% 266.99 4.35% 27-033005-0 1988/89 85,800 1,921 15.008% 288.30 1989/90 90,100 1,122 16.929% 189.94 1990/91 90,400 1,128 23.426% 264.25 1991/92 90,500 1,090 23.979% 261.37 1992/93 92,200 1,124 28.162% 316.54 C17A 1993/94 92,200 1,124 27.104% 304.65 1994/95 98,700 7.05% 1,254 11.57% 25.188% 315.86 3.68% 27-015004-0 1988/89 112,700 2,695 15.008% 404.47 1989/90 118,600 1,878 16.929% 317.93 1990/91 120,200 1,826 23.426% 427.76 1991/92 120,200 1,710 23.979% 410.04 1992/93 126,900 1,818 28.162% 511.99 1993/94 126,900 1,818 27.104% 492.75 1994/95 135,800 7.01% 1,996 9.79% 25.188% 502.75 2.03% 27-015006-0 1988/89 129,400 3,246 15.008% 487.16 1989/90 135,800 2,394 16.929% 405.28 1990/91 136,900 2,327 23.426% 545.12 1991/92 136,900 2,128 23.979% 510.27 1992/93 153,800 2,356 28.162% 663.50 1993/94 153,800 2,356 27.104% 638.57 1994/95 164,600 7.02% 2,572 9.17% 25.188% 647.83 1.45% Pay 1994 Pay 1995 Change City Tax Levy - Gross 2,805,925 2,805,925 0.0% Less Fiscal Disp. Dist. (318,000) (280,610) Net levy spread 2,487,925 2,525,315 1 .5% Total City Taxable Tax Capacity 9,182,499 10,025,926 9.2% City Tax Rate 27.094% 25.188% -7.0% Assessor's Estimated Market Value $72,000 $77,000 6.9% Tax Capacity First $72,000 at 1% 720 720 Balance at 2% 0 100 720 820 13.9% City Tax Rate 27.094% 25.188% City Tax $195.08 $206.54 5.9% • Pay 1994 Pay 1995 Change City Tax Levy - Gross 2,805,925 2,805,925 0.0% Less Fiscal Disp. Dist. (318,000) (280,610) Net levy spread 2,487,925 2,525,315 1 .5% Total City Taxable Tax Capacity 9,182,499 10,025,926 9.2% City Tax Rate 27.094% 25.188% -7.0% Assessor's Estimated Market Value $83,200 $89,000 7.0% Tax Capacity First $72,000 at 1% 720 720 Balance at 2% 224 340 944 1 ,060 12.3% City Tax Rate 27.094% 25.188% City Tax $255.77 $266.99 4.4% • Pay 1994 Pay 1995 Change City Tax Levy - Gross 2,805,925 2,805,925 0.0% Less Fiscal Disp. Dist. (318,000) (280,610) Net levy spread 2,487,925 2,525,315 1 .5% Total City Taxable Tax Capacity 9,182,499 10,025,926 9.2% City Tax Rate 27.094% 25.188% -7.0% Assessor's Estimated Market Value $92,200 $98,700 7.0% Tax Capacity First $72,000 at 10/0 720 720 Balance at 2% 404 534 1 ,124 1 ,254 11 .6% City Tax Rate 27.094% 25.188% City Tax $304.54 $315.86 3.7% Pay 1994 Pay 1995 Change City Tax Levy - Gross 2,805,925 2,805,925 0.0% Less Fiscal Disp. Dist. (318,000) (280,610) Net levy spread 2,487,925 2,525,315 1 .5% Total City Taxable Tax Capacity 9,182,499 10,025,926 9.2% City Tax Rate 27.094% 25.188% -7.0% Assessor's Estimated Market Value $153,800 $164,600 7.0% Tax Capacity First $72,000 at 1% 720 720 Balance at 2% 1 ,636 1 ,852 2,356 2,572 9.2% City Tax Rate 27.094% 25.188% City Tax $638.34 $647.83 1 .5% Commercial Tax EMV Tax Cap. City City Parcel Year Value Value Tax Rate Tax 27-001162-0 1988/89 46,200 1,525 15.008% 228.87 1989/90 47,400 1,564 16.929% 264.77 1990/91 53,500 1,712 23.426% 401.05 1991/92 52,100 1,615 23.979% 387.26 1992/93 52,100 1,563 28.162% 440.17 1993/94 54,000 1,620 27.104% 439.08 1994/95 59,400 10.00% 1,782 10.00% 25.188% 448.85 2.22% 27-001205-0 1988/89 256,400 11,511 15.008% 1,727.57 1989/90 265,400 11,669 16.929% 1,975.45 1990/91 302,700 13,234 23.426% 3,100.20 1991/92 291,900 12,215 23.979% 2,929.03 1992/93 288,100 11,841 28.162% 3,334.66 1993/94 293,600 11,906 27.104% 3,226.89 1994/95 323,000 10.01% 13,258 11.36% 25.188% 3,339.40 3.49% 27-087008-0 1988/89 270,500 12,251 15.008% 1,838.63 1989/90 281,100 12,464 16.929% 2,110.03 1990/91 295,900 12,897 23.426% 3,021.25 1991/92 284,300 11,854 23.979% 2,842.47 1992/93 332,000 13,904 28.162% 3,915.64 Income 1993/94 342,800 14,168 27.104% 3,840.09 " 1994/95 377,000 9.98% 15,742 11.11% 25.188% 3,965.06 3.25% 27-105001-0 1988/89 1,123,800 57,050 15.008% 8,562.06 1989/90 837,400 40,612 16.929% 6,875.21 1990/91 837,400 39,701 23.426% 9,300.36 1991/92 837,400 38,126 23.979% 9,142.23 1992/93 837,400 37,658 28.162% 10,605.25 1993/94 848,800 37,445 27.104% 10,149.09 1994/95 933,600 9.99% 41,346 10.42% 25.188% 10,414.05 2.61% 27-054001-0 1988/89 5,467,900 285,115 15.008% 42,790.06 1989/90 4,500,000 278,579 16.929% 47,160.64 1990/91 4,501,700 221,084 23.426% 51,791.14 1991/92 4,517,700 212,941 23.979% 51,061.12 1992/93 4,532,400 211,323 28.162% 59,512.78 1993/94 4,575,200 208,859 27.104% 56,609.14 1994/95 4,575,200 0.00% 208,859 0.00% 25.188% 52,607.04 -7.07% . in a) --4.-- a) rn - co o) o) C/ T w H I el el CO) C I N W LUci_ T i O i � i rn DO.. 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