HomeMy WebLinkAbout3. Truth in Taxation Hearing
CITY OF SHAKO PEE
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Truth in Taxation Hearing
DATE: November 27, 2006
Introduction
Due to the increase in the tax levy, the City is required
to hold a UTruth in Taxation" public hearing.
This meeting is only for the public hearing - no action
other than the hearing.
Action
1. Opening the public hearing.
2. Tax levy/budget presentation.
3. Public Comment.
4. Either
Announce that the Tax Levy and Budget will be
adopted during a hearing on December 19, 2006.
OR
Announce that there is a continuation of the
hearing on December 11, 2006 at 7:00 pm at 129
Holmes Street, Shakopee.
5. Close the hearing.
GrlNoxland
Finance Director
CITY OF SHAKOPEE
~,~Wf( &fgg@%(:' nrfM: ' ;c.s :t::,,,,,,,
2007 Property Taxes
\,
1
m^=' =y,y,ffi.R'Jffl. ~lli&Wl
2007
Tax Notice
2
Determination of
Property Taxes
.'-' it ~J!i_'i!Mf'
. Assessor - Est. Market Value
. State Legislature - Tax
Capacity
. City Council - Tax levy
. County - Spreads Levy
. County Treasurer - Collects
Taxes
3
Estimated Average
Market Value
,.<
Assessor
EMV LMV
2006
$222,873 $220,437
2007
$237,362 $234,053
4
Homestead
Tax Capacity
'0" }."~~~Ii~IIlilB'4!-;;. ."."
Calculation
Legislature
2006
220,437 X 1 .00/0 = 2,204
2007
234,053 X 1.00/0 = 2,34.1
5
9
O/o9€
AtunOJ
O/o~€
At!J
O/o€
JaqlO
O/o6~
IooqJS
XBIIOQ Xt?l
900l }O alt?qs Al!:J
Tax Capacity Rate
,'" ,,::;, ;,; ~1?&~~;;::~, 'm"";::; ,
Net Levy / Total Tax Capacity = Tax Rate
2006
9,793,730 /31,674,000 = 30.922
2007
11,523, 196 / 36,054,000 = 31.961
7
Tax Ca pacity
(ll",." ,&8: ny"\l;'f"
Pav'06 Pay '07
Gross Tax Capacity 36,493,113 41,537,000
Net Tax Capacity 31,672,666 36,054,500
Net of TIF& Fiscal Disp.
CI % of Tax Capacity 35% 340/0
Homestead % of Tax 56% 560/0
Capacity
8
Individual
Tax Amount
,,%'Il>Olli
Tax Capacity X Tax Rate
2006
2,204 X.30922 = $682
2007
2,341 X .31961 = $748
9
Tax Capacity Rate
Parts Residential (Est.)
~ . ~= .jU~. ". 't~rJli;.
Pay '06 Pay '07
TCRX Tax Capacity
City .30922 x 2204 $682
City .31961 x 2341 $748
Fire Station 19
.0000848 x 222873
Fire Station 17
.0000741 x 234053
Market Value Credit (59) (52)
Total Tax $642 $713
10
ReslCI Tax Comparison
"
Residential Comm.llnd.
Pav'07 Pav'07
TCR X Tax Capacit'l
City .31961 x 2341 $748
City .31961 x 3931 $1,256
Market Value Credit (52)
Fire Station
.0000969 x 208652 17 17
-
Total $713 $1,273
11
Tax Capacity Rates Other
Taxing Jurisdictions
~m ",;&l~1n
Proposed
2006 2007
. City 30.974 33.629
. City Revised 31.961
. School 27.789 28.28
. County 35.361 30.644
12
Proposed Tax Rates
2007
@>~;<l'@~L .w#_'
Belle Plaine 54.888
New Prague 50.529
Savage 50.138
Jo.rdan 47.207
Shakopee 33.926
Prior lake 28.442
13
Change In
Market Value
r L.,. il;,. 'V'#4"1m1MJL. /W), li' '=-'r'-'R "p liP"'"
700000
600000
500000
.....
400000
300000
200000
100000
0
2003 2004 2005 2006 2007
14
City Tax
Residential Parcels
,,-' l", WlIIIIlII'iNFt ~illm~,>
2500
2000
1500 .....
1000
500
0
2003 2004 2005 2006 2007
15
Tax Rate
Trend
, 1'=~~~m-" .'Pf"'<@ --:.q~~ N''''f~''''-<;:'<~''
60
55
50
45
40
~ 35
30
25
20
15
10
2002 2003 2004 2005 2006 2007
Year
16
Tax Levy Dollars
#i!!~ J.if .
2006 Tax Lew 2007 Tax Levv % ChanQ,!
General Levy $9,938,811 $11,591,697 16.6%>
EDA - General 60,000 60,000 (0.00/0 )
Debt Service 682,225 827,303 21.30/0
Fire Referendum 250.781 246.449 (1 .70/0 )
Total $10,931,917 $12,725,449 16.40/0
17
City Nondebt
T ax Levy History
"'''' :~~&?~~-
Year Levy Chan~
2002/03 $7,430,936 17. 1 %
2003/04 8,005,654 7 .70/0
2004/05 9,047,169 13.00/0
2005/06 9,998,811 1 0.50/0
2006/07 11 ,651 ,697 16.50/0
18
2007 Budget
. ". ,"Mmf. ~)iiJ1'@'f """-")[ ;j''''!''I,-'''i/ii '
19
Enterprise Funds
..,*,<,'" "''''ifflj ''''>,y,Z'Y,''lJ, '
Utility Funds income to funds is use based rates.
Shakopee Public Utility
Created by referendum and is independent of
Council.
Sanitary Sewer Fund
Collects from land developers to install sewers and
from users to operate and maintain.
Storm Drainage Fund
Collects from developers to build and from users to
operate and maintain.
Other Funds which function to reduce peaks and
valleys in general levy.
Equipment Fund
Building Fund
EDA & Telecommunications Funds
20
C~t f Sh k
r "Y 0,' . 'j' la /opee
"', ~;' ,,~ '~"'$.4 .",,<, _ - - ""~."'.'i ..#0, ~ ,m ,~~;:; t ~~' _ ",,,' .<,,-$" r',,--- _ ",rJP '.~<", ,-i
= *
~~'''''..111 ,,_:ii~R'mi!j, "
2007
General Fund
Budget
21
Use Of 2007
City Tax Dollar
"""'IT, '1i?i W'AMiOOimi
Fire Ref. Debt
2%
Debt Service
7%
Operations
91%
22
CITY OF SHAKOPEE
2007 GENERAL FUND BUDGET SUMMARY
2006 2007
Revenue Budget Estimate
Taxes $9,379,850 $11,562,500
Licenses and Permits 2,813,000 1,504,700
Intergovernmental 285,000 261,960
Charges for Service 1,087,660 1 ,558,800
Fines and Forfeits 267,000 280,000
Miscellaneous 201.000 283.500
Total Revenue 14.033.510 15,451.460
Expenditures
General Government 3,428,680 3,380,340
Public Safety 7,245,180 8,531,480
Public Works 2,778,210 2,739,450
Recreation 1,171,530 1,743,550
Unallocated 160.000 150.000
Total Expenditures 14,783.600 16.544.820
Excess (deficiency) Revenues
over Expenditures (750,090) (1,093,360)
Other Sources 1,625,000 1,609,730
Other Uses (1,318,110) (1,178,770)
Excess (deficiency) Revenues
& Other Sources Over
Expenditures & Other Uses $(443.200) j) (662.400)
23
General Fund
Budget Revenues
,;;~~' "\i~'1 -w
Taxes
12000000
10000000
8000000
6000000
Licenses &
Permits
4000000 Inter-Govt. M iscellanous
Fees
2000000 Fines
0
I · 2006 . 2007 I
24
General Fund Budget
2007 Revenues
, vJ&JI
Fees Misc. SPUC
Intergov't 9% 2% 9%
Fines
Licenses g%
2%
Permits
9%
Taxes
67%
25
General Fund
Expendi tures
&<lli_~", ",dIlj''''''AmMl'^''t'fillp'- ~1tfr ;(f~..A
9000000 Publie Safety
8000000
7000000
6000000
5000000 Publie Works
4000000
Parks/Ree.
3000000
2000000 Unalloeated
1000000
0
I · 2006 III 2007 I
26
City General Fund
Budget
Dollar Use 2007
^*"''''^"
Pol ice, Fire,
Insp. Eng., Street,
480/0 Shop
160/0
Admin.,
Clerk,
Finance,
Legal,
Planning, Park Maint,
General Unallocated Recreation
Gov't 10k Transfer
Buildings 16%
19%
27
Cost of Services Average
Value Home
1IE ';"'!!ITf0' !-q~ w" 'J'If!' tt, 1 ""m
$71.3 Per Year
$59 Per Month
$14 Per Week
$2 Per Day
28
Public Safety Services
.,-@f"'" "f?*:i . cO< 1\' ,
24/7 Police Services
4 7 Licensed Officers
24/7 Fire Services
54 Authorized Firefighters
Building Inspection Services
7 Inspectors
29
Public Works Services
"' .J ' ~/ dl~
Engineering Division
Public Infrastructure - roads/utilities
11 Employees
Street Division
Snow Plowing
Street/alley/parking lot Maintenance
10 Employees (+3)
Shop Division
Equipment set up and repair
3. Employees
30
Cui ture I Recreation
...".....";c'<' r'lN"'Fif1&ftrf ~ :: Jj'i~t; =/&l:~=
Park Maintenance Division
mow 330 acres per week
maintain 22 parks
9 Employees
Recreation Program/development
Community Center open 100 hrs/week
131 Programs/activities offered
9 FT Employees
130 PT Employees
Natural Resources
Library
31
General Government
_.'.~ . "'!" ,. "''''<<0.','''..
City Council
Administration
City Clerk
Finance
Legal - Prosecutions/civil
Planning/Community Development
Information Technology
Government Building - City Hall
32
Productivity Measures
for General Fund
Operations
w' '00k"",
2004 2005 2006 2007
Population * 28,337 30,999 34,085 34,400
Households * 10,653 11,040 12,083 12,243
FTE Positions** 107.1 124.1 132.6 137.1
Firefighters 50 50 54 54
Pop. per Employee 265 250 257 251
Households per FT 100 189 (1' 91 89
II
Employee I'
\j
Cost $/population 452 462 433 481
Cost $/household 1,114 1,298 1,223 1,351
* Esti mates
** Assumes all budgeted positions are filled and excludes
Recreation and EDA employees - paid from other funds.
33