2024-12-10 Resolution 122801
RESOLUTION NO. 12280
RESOLUTION ADOPTING A BUDGET AND TAX LEVY
FOR THE YEAR 2025
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy
to be certified to the County Auditor by September 30, 2024, and then recertified before
December 30, 2024.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1.The budget for the City of Richfield for the year 2025 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
2.The estimated gross revenue of the City of Richfield from all sources,
including general ad valorem tax levies as hereinafter set forth for the year
2025 which are more fully detailed in the City Manager’s official copy of the
2025 budget, are hereby found and determined to be as follows:
TOTAL GENERAL FUND $32,729,960
3.There is hereby levied upon all taxable property in the City of Richfield a
direct ad valorem tax in the year 2024, payable in 2025 for the following
purposes and in the following amounts:
PURPOSE AMOUNT
General Fund1 $23,654,051 2
Equipment 1,528,800
Economic Development Authority 623,343
Debt Service 4,101,375
1 Provision has been made in the General Fund for the payment of the City’s
contributory share to Public Employees’ Retirement Association.
2 General Fund Levy includes all fiscal disparities distribution amounts.
2
ATTEST:
Michelle Friedrich, City Clerk
4.The debt service tax levy is included as established in the bond documents
for each of the bonds.
5.The budget for the Housing and Redevelopment Authority of Richfield for the
year 2025 is hereby ratified and approved. There is hereby levied upon all
taxable property in the City of Richfield a direct ad valorem tax in the year
2024, payable in 2025 for the following purposes:
PURPOSE AMOUNT
Housing and Redevelopment Authority $720,610
6. A certified copy of this resolution shall be transmitted to the County Auditor.
Adopted by the City Council of the City of Richfield, Minnesota this 10th day of
December, 2024.
Mary Supple, Mayor