December 11, 2003 Truth-In-Taxation Meeting Minutes
CITY OF ZUMBROTACITY COUNCIL
SPECIAL MEETINGDECEMBER 11, 2003
TOWN HALL, 175 WEST AVENUE
Pursuant to due call and notice thereof the Zumbrota City Council was called to order at
by Mayor Rich Bauer.PRESENT: Mayor Bauer, Councilmembers David Benson, Doug Borgschatz, Betty Jo Grothe, Deb Wilkinson.Others present: City Administrator Ron Johnson, City Accountant Mary Rohe, Paul Qualy.
The meeting opened with the Pledge of Allegiance.
The sole purpose of this special meeting was to conduct the annual Truth-in-Taxation budget hearing as required by law, to allow for resident input into the 2004 budget and/or levy.
Mayor Bauer opened the hearing at
Administrator Johnson reviewed briefly, the highlights of the budget and levy proposal.Very few changes were made from the budget proposed in September, and the amount of the recommended 2004 levy was unchanged from the amount of levy proposed in September.
Johnson noted that the city's tax capacity increased by 7.75% from 2003 to 2004.The amount of increase in levy from 2003 to 2004 (from $736,539 to $825,603) is primarily a result of the loss of Local Government Aid (LGA).The city's LGA in 2002 was $583,182.The amount to be received in 2004 is $422,023.State law allows cities to levy back approximately 60% of this lost aid.This is what is being recommended.Johnson stated that the city's tax rate, if this levy is approved, would increase by 4.04% (.4872 to .5069).
Paul Qualy suggested that pie charts be utilized to show revenue sources and expenditure uses.
Mayor Bauer closed the hearing at
An adoption hearing is necessary as per State law.
Motion Grothe, second Wilkinson to set the truth-in-taxation adoption hearing for
6:10 p.m., December 18, 2003 in the Town Hall.Carried 5-0-0.
Mayor Bauer adjourned the meeting at 6:35 p.m.
Ronald S. Johnson, City Administrator
City of Zumbrota; 175 West Avenue; Zumbrota, MN 55992