Title
Approving a 2020 maximum property tax levy for the City of Saint Paul.
Body
WHEREAS, in accordance with Section 10 of the City Charter, Mayor Carter presented to the City Council on August 15, 2019 the Mayor's proposed budget; and in accordance with City ordinance, Mayor Carter presented to the City Council on August 15, 2019 the Library Agency's proposed budget with the combined Mayor's proposed budget and the Library Agency's proposed budget totaling $621,931,943 for operations and $54,369,000 for capital improvements; and
WHEREAS, the Mayor did recommend, as part of the comprehensive 2020 financing plan for the City of Saint Paul, that the net property tax levy payable in 2020 be $163,621,086; and
WHEREAS, subsequently the City of Saint Paul became aware of potential obligations for 2020 in addition to those contemplated in the comprehensive 2020 financing plan; and
WHEREAS, there may be a need for the City to budget for, and have adequate property tax revenue to cover, said potential obligations in 2020; and
WHEREAS, the Mayor now recommends a net property tax levy payable in 2020 of $190,745,461, sufficient to cover the cost of said obligations, as detailed below:
Mayor's Recommended Tax Levy:
City Levy for City Operations 151,953,558
City Levy for Debt Service 19,558,690
City Levy for Library Agency 17,121,513
Total Recommended: 188,633,761
Levy for Port Authority 2,111,700
Net Levy 190,745,461
Levy for Port Authority (2,111,700)
Net Levy for City Government 188,633,761
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