Title
Approving a 2024 maximum property tax levy for the City.
Body
WHEREAS, in accordance with Section 10 of the City Charter, Mayor Carter presented to the City Council on August 10, 2023 the Mayor's proposed budget; and in accordance with City ordinance, Mayor Carter presented to the City Council on August 10, 2023 the Library Agency's proposed budget with the combined Mayor's proposed budget and the Library Agency's proposed budget totaling $820,535,404 for operations and $52,943,000 for capital improvements; and
WHEREAS, the Mayor did recommend, as part of the comprehensive 2024 financing plan for the City of Saint Paul, that the net property tax levy payable in 2024 be $208,497,445 as detailed below:
Mayor's Recommended Tax Levy:
City Levy for City Operations 160,243,894
City Levy for Debt Service 23,179,457
City Levy for Library Agency 22,462,394
Total Recommended: 205,885,745
Levy for Port Authority 2,611,700
Net Levy 208,497,445
Levy for Port Authority (2,611,700)
Net Levy for City Government 205,885,745
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 2024, 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
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