Title
Approving a 2015 maximum property tax levy for the City of Saint Paul.
Body
WHEREAS, in accordance with Section 10 of the City Charter, Mayor Coleman presented to the City Council on August 13, 2014 the Mayor's proposed budget; and in accordance with City ordinance, Mayor Coleman presented to the City Council on August 14, 2014 the Library Agency's proposed budget with the combined Mayor's proposed budget and the Library Agency's proposed budget totaling $515,210,460 for operations and $92,263,000 for capital improvements; and
WHEREAS, the Mayor has taken into consideration levy limits imposed by the State of Minnesota and will report on the use of special levies and adherence to levy limits in accordance with State law; and
WHEREAS, the Mayor did recommend, as part of the comprehensive 2015 financing plan for the City of Saint Paul, that the 2014 net property tax levy payable in 2015 be $103,636,842 as detailed below:
Mayor's Recommended Tax Levy:
City Levy for City Operations 73,172,641 72,662,437
City Levy for Debt Service 12,408,754
City Levy for Library Agency 16,243,747 16,753,951
Total Recommended: 101,825,142
Levy for Port Authority 1,811,700
Net Levy 103,636,842
Levy for Port Authority (1,811,700)
Net Levy for City Government 101,825,142
NOW, THEREFORE, BE IT RESOLVED, that in accordance with Minnesota Statutes, Section 275.065 Subdivision 1, the City Council, after considering the Mayor's recommendations...
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