Title
Approving the 2026 City Tax Levy.
Body
WHEREAS, the Mayor, pursuant to the City Charter has proposed and recommended the 2026 budgets for the City of Saint Paul, and
WHEREAS, the proposed 2026 General and General Debt Service budgets have been reviewed and approved or adjusted by the City Council, and
WHEREAS, Minnesota Statutes 475.61 subd. 3(g) allows the city to reduce previously approved debt levies only if the city makes an irrevocable appropriation to the debt service fund of money actually on hand or if there is on hand any excess amount in the debt service funds, and the recording officer certifies to the county auditor the fact and amount thereof; and
WHEREAS, the city has made an irrevocable appropriation to debt service funds of money actually on hand as follows including: GO CIP 2013E ($438,019.37); GO CIP 2016E ($387,256.83); GO Street Improvement SA Refunding 2016F ($223,787.17); GO Various 2018A ($1,051,572.96); GO Street Improvement SA 2018B Refunding ($1,441,944.36); GO Various 2019D ($61,447.58); GO Refunding Street 2019H ($176,540.91); GO Street Assessment Refunding 2019I ($281,693.08); GO Various 2020A ($849,415.81); GO Street Assessment Refunding 2020B ($120,684.23); GO Various Purpose Refunding 2021A ($794,886.66); GO Street Reconstruction 2021C ($401,677.33); GO Various Purpose 2022A ($714,772.45); GO Street Construction 2022C ($160,912.30); GO Capital Note Series 2023B ($333,792.46); GO Capital Improvement 2023D ($665,452.82); GO Various Purpose Bonds 2024A ($320,155.14); GO Street Reconstruction Bonds 2024B ($265,107.04); and GO Street Reconstruction & Refunding Bonds 2025B ($243,828.00); and
WHEREAS, the City is required under Laws of Minnesota 2002, Chapter 390, Sec. 37, to levy a tax at the Library Board's request, which the Library Board has made, and
WHEREAS, the property tax levies needed to finance those budgets have been determined, and
WHEREAS, the Port Authority of the City of Saint Paul requested a property tax levy to finance economic development budgets under Minnesota Statutes section 469.053, subd. 4 and 6,
NOW THEREFORE BE IT RESOLVED, that the City Council, in anticipation of adopting the General Fund, General Debt Service, and Library Agency budgets for the fiscal year 2026, and in accordance with section 10.04 of the City Charter, does hereby levy taxes on all taxable property within the Saint Paul corporate limits, to be collected totaling the amount set forth in the attached; and
BE IT FURTHER RESOLVED, the city hereby makes an irrevocable appropriation of funds actually on hand in the amount of $8,932,946.50 from funds on hand to the debt service fund; and
BE IT FURTHER RESOLVED, the city hereby certifies that there are excess debt service funds in the amount of $8,932,946.50 and requests the county auditor to reduce scheduled debt levies as follows: GO CIP 2013E ($438,019.37); GO CIP 2016E ($387,256.83); GO Street Improvement SA Refunding 2016F ($223,787.17); GO Various 2018A ($1,051,572.96); GO Street Improvement SA 2018B Refunding ($1,441,944.36); GO Various 2019D ($61,447.58); GO Refunding Street 2019H ($176,540.91); GO Street Assessment Refunding 2019I ($281,693.08); GO Various 2020A ($849,415.81); GO Street Assessment Refunding 2020B ($120,684.23); GO Various Purpose Refunding 2021A ($794,886.66); GO Street Reconstruction 2021C ($401,677.33); GO Various Purpose 2022A ($714,772.45); GO Street Construction 2022C ($160,912.30); GO Capital Note Series 2023B ($333,792.46); GO Capital Improvement 2023D ($665,452.82); GO Various Purpose Bonds 2024A ($320,155.14); GO Street Reconstruction Bonds 2024B ($265,107.04); and GO Street Reconstruction & Refunding Bonds 2025B ($243,828.00); and,
BE IT FURTHER RESOLVED, that the City Council requests the City Clerk to forward this resolution to the Ramsey County Department of Property Records and Revenue in accordance with the applicable provisions of the City Charter and other laws, and
BE IT FINALLY RESOLVED, that the City Council requests the Office of Financial Services to complete and forward any state forms required identifying these adopted levies and corresponding special levies.