Title
Approving a 2017 maximum property tax levy for the City of Saint Paul. (Adopted by Council on September 21; vetoed by the Mayor on September 22)
Body
WHEREAS, in accordance with Section 10 of the City Charter, Mayor Coleman presented to the City Council on August 9, 2016 the Mayor's proposed budget; and in accordance with City ordinance, Mayor Coleman presented to the City Council on August 10, 2016 the Library Agency's proposed budget with the combined Mayor's proposed budget and the Library Agency's proposed budget totaling $561,632,794 for operations and $60,935,000 for capital improvements; and
WHEREAS, the 2017 City of Saint Paul Proposed Budget included a Local Government Aid (LGA) revenue increase anticipated in a State of Minnesota special session which the State chose to forego; and
WHEREAS, the recommended maximum tax levy includes an increase from the 2017 proposed tax levy to fill the LGA gap due to the special session not taking place; and
WHEREAS, the Mayor did recommend, as part of the comprehensive 2017 financing plan for the City of Saint Paul, that the 2016 net property tax levy payable in 2017 be $112,934,130 as detailed below:
WHEREAS, the City Council amends the Mayor's recommended tax levy as follows:
Mayor's Recommended Tax Levy:
City Levy for City Operations 79,850,305 81,533,978
City Levy for Debt Service 13,651,009 13,651,009
City Levy for Library Agency 17,621,116 17,723,157
Total Recommended: 111,122,430 112,908,144
Levy for Port Authority 1,811,700
Net Levy 112,934,130 114,719,844
Levy for Port Authority (1,811,700)
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