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9-8-93 special agendaCITY OF RICHFIELD WEDNESDAY, SEPTEMBER 8, 1993 SPECIAL CITY COUNCIL MEETING 7:00 P.M. COUNCIL CHAMBERS AGENDA CALL TO ORDER I. CONTINUATION OF CONSIDERATION AND DISCUSSION OF 1993 REVISED/1994 PROPOSED BUDGET, PROPOSED 1994 PRELIMINARY TAX LEVY AND SET TRUTH IN TAXATION HEARING DATES COUNCIL LETTER NO. 249 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. n CITY OF RICHFIELD, MINNESOTA Council Letter No. 249 Agenda September 8, 1993 Issue Statement: Continuation of consideration and discussion of 1993 Revised/1994 Proposed budget, 1994 preliminary property tax levy and Truth in Taxation hearing dates. Background: As required by the Truth in Taxation legislation (M.S. 275.065) each "taxing authority" must certify its proposed property tax levy for payable year 1994 to the County Auditor on or before September 15, 1993. "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. In addition, each "taxing authority" must certify to their County Auditor the dates that have been selected for the Truth in Taxation hearings by September 15, 1993. The date for this hearing must not conflict with the hearing dates of the county or of the school district in which the "taxing authority" is located. This Truth in Taxation public hearing must be held between November 29 and December 20, 1993. • On September 1, 1993, the City staff began the process of presenting the budget to the City Council for consideration and discussion. The materials could not be covered with the time provided on that date so a continuation of the meeting has been scheduled for September 8, 1993 at 7 p.m. As with the previous meeting, the September 8 meeting will also be televised. In addition to the 1993 Revised/1994 Proposed budget and preliminary property tax levy, City staff is also recommending dates for this year's Truth in Taxation public hearings. It is recommended that this year's hearings be set for 7 p.m., Wednesday, December 1, 1993, with a continuation date of 7 p.m., Wednesday, December 8, 1993. As Council Members are aware, at these public hearings, the tax levy may be reduced from the preliminary tax levy, but not increased. In addition to the proposed tax levy and Truth in Taxation public hearing dates, the County has requested that the series of resolutions which cancel a portion of the ad valorem tax levy for current special assessment bonds be adopted with the preliminary levy instead of with the final levy at the end of the Truth in Taxation hearings. This will assist the County in updating its records in a more timely manner. Recommended Motion: • Receive the 1993 Revised/1994 Proposed budget, 1994 preliminary property tax levy and proposed dates for the Truth in Taxation hearings and resolutions cancelling special assessment levies for consideration and discussion. 0 Basis of Recommendation: 1. The City Charter establishes September 1, 1993 as the last day for City staff to present a 1993 Revised/1994 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. 2. The September 1 and September 8 Special Council meetings provide an informal setting to discuss the proposed budget and tax levy prior to the deadline for official City Council action. 3. Truth in Taxation timelines establish the process that must be followed to adopt a preliminary property tax levy. September 15 is the deadline for cities to submit a 1994 proposed property tax levy and Truth in Taxation hearing dates to the County Auditor. Alternative Recommendation:. 1. None. The September 8, 1993 meeting was announced at the September 1, 1993 meeting as a continuation date. In addition, all necessary notices have also been posted and published. • Discussion/Decision Mode: The September 8, 1993 Special City Council meeting is set primarily for the purpose of continuing the presentation and discussion of the 1993 Revised/1994 Proposed budget and the 1994 preliminary property tax levy. However, the City Council could decide to take official action on the tax levy and Truth in Taxation hearing dates at the conclusion of discussion. September 14, 1993 would be the last possible date for the City Council to officially take action on these matters. Respectfully submitted, sser JDP:cak 0