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
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, but absent public hearings on the Mayor's budget proposal, does hereby accept the budgets for fiscal year 2020, as proposed by the Mayor, as constituting the proposed budgets for the City of Saint Paul and the Saint Paul Library Agency; and be it
FURTHER RESOLVED, that in accordance with the same referenced statute, the City Council, as a taxing authority, and after considering the Mayor's recommendation for property tax levies, including the requests of the Port Authority and the Library Agency, does hereby certify to the Ramsey County Auditor that the proposed maximum tax levy for the City of Saint Paul for taxes payable in 2020 (for use in calculating the Truth-In-Taxation notices to be mailed in November of 2019) as:
Net Levy (City Operations, City Debt, Port Authority, and Library Agency): $190,745,461