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09-05-01 AgendaCITY OF RICHFIELD, MINNESOTA WEDNESDAY, SEPTEMBER 5, 2001 AND, IF NECESSARY, THURSDAY, SEPTEMBER 6, 2001 RICHFIELD CITY HALL 6700 PORTLAND AVENUE SPECIAL CITY COUNCIL MEETING COUNCIL CHAMBERS 5:30 P.M. AGENDA C. Call to order Roll call 1. Consideration and discussion of 2001 Revised/2002 Proposed Budget and 2002 . preliminary property tax levy Staff Report No. 221 Adjournment Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96 hours in advance to the Administrative Services Director at 861-9702. • AGENDA ITEM # 1 REPORT # 221 L STAFF REPORT CITY COUNCIL MEETING • ~~ SEPTEMBER 5, 2001 REPORT PREPARED BY: REPORT PRESENTER: DEPARTMENT DIRECTOR REVIEW: CHRIS REGIS, FINANCE MANAGER NAME, TITLE STEVEN L. DEVICH, ADMINISTRATIVE SERVICES DIRECTOR REVIEWED BY CITY MANAGER: ITEM FOR COUNCIL CONSIDERATION: Consideration and discussion of 2001 Revised/2002 Proposed, and the 2002 preliminary property tax levy. I. RECOMMENDED ACTION: By Motion: Receive the 2001 Revised/2002 Proposed budget and the 2002 preliminary property tax levy. III. BACKGROUND ~ The City Charter establishes the first Tuesday in September as the last day for City staff to present a 2001 Revised/2002 Proposed budget to the City Council. • Because of the unique nature and timing of this year's legislative session, the Department of Revenue does not have to certify tax levy information and aid amounts to cities until September 2, 2001. Without receipt in a timely manner, of tax levy and state aids data from the Minnesota Department of Revenue, staff was not able to complete and distribute City budgets on or before the first Tuesday in September this year (September 4} as specified in City Charter Section 7.05. Moreover, the state has also suspended Truth in Taxation notices and hearing for 2001. The process will be reinstated for 2002. Only the adoption of a preliminary and final levy are required. 09056udget Therefore, before the City Council takes action on these items, a presentation and discussion of the 2001 Revised/2002 Proposed budget and 2002 preliminary • property tax levy is necessary. To that end, two Special City Council meetings, September 5 and September 6 (if needed), have been established for this purpose. City staff will present the budget to the City Council in an informal format to facilitate discussion. This is similar to the budget presentation format that has been used in the past. III. -BASIS OF RECOMMENDATION A. POLICY • N/A B. CRITICAL ISSUES • The September 5 and September 6, 2001 City Council meetings have been posted according to all requirements and are Special City Council meetings at which City business may be conducted. • All official action concerning the preliminary tax levy must be concluded before September 15, 2001. One regular City Council meeting, September 10, will occur prior to that deadline. Thus,. action on these. matters could be taken at any of the three meetings. • Another resolution adopting the 2001 Revised budget will also be presented for consideration. In recent years, the revised budget resolution has not been • considered until December along with the next year's proposed budget and tax levy as part of the state mandated Truth in Taxation hearing. Adopting the resolution in September brings the revised budget process back closer in . line with the Charter provision utilized before the Truth in Taxation process was implemented; and makes the revised .budget a more realistic and useful financial tool. C. FINANCIAL • N/A D. LEGAL • The City Charter establishes the first Tuesday in September as the last day for City staff to present a 2001 Revised/2002 Proposed budget to the City Council. While the Truth in Taxation Statute has overridden the Charter process for budget adoption, City staff still follows the Charter provisions, which are not in conflict with the Truth in Taxation Statute. • As required by the Truth in Taxation legislation (MS 275.065) each "taxing authority" must certify its proposed property tax levy for payable year 2002 ' to the County Auditor on or before September 15, 2001. "Taxing authority" includes all counties, all school districts, all cities regardless of population, all towns and all special taxing districts. No local units of government are • exempted from this requirement. • Most other provisions of the Truth in Taxation statute are suspended for 2001 because of the legislative caused delays. IV. ALTERNATIVE RECOMMENDATION(S~ • The City Council could continue or postpone discussion to another day in early September, as long as adequate time exists to meet the September 15 submission deadline. • The City Council could decide to adopt the 2002 preliminary property tax levy, 2001 Revised/2002 Proposed budget after discussion at one of the special budget meetings. • The City Council could adopt either a greater or lesser 2002 preliminary property tax levy, 2001 Revised/2002 Proposed budget. V. ATTACHMENTS • None VI. PRINCIPAL PARTIES EXPECTED AT MEETING • None n U •