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Home My WebLink About2005 12-05 CCP Truth in Taxation F AGENDA CITY COUNCIL MEETING INITIAL HEARING ON PROPERTY TAXES DECEMBER 5, 2005 7:00 P.M. CITY COUNCIL CHAMBERS 1. Call to Order 2. Roll Call 3. Presentation on Proposed General Fund Tax Levy and General Fund Budget 4. Hearing and Discussion of Proposed Levy Council Action: -Open Public Hearing Public Comments and Questions -Close Public Hearing or Continue to December 12, 2005, at 6:00 p.m. in the City Council Chambers if Initial Hearing Cannot be Completed 5. Adjourn Truth in Taxation Hearing Minnesota Statutes Sec. 275.065 Subd. 6 (d) Discuss %increase in property taxes specific purposes for which property tax revenues are being increased hear comments regarding increase and explain reasons for proposed increase allow public to speak &ask questions u City of Brooklyn Center Property Tax Levy Total Levy All Sources 2005 to 2006 2005 to 2006 Pay 2004 Pay 2005 Pay 2006 Change Change General Fund Operations 9,497,064 10,117,000 10,494,126 377,126 3.73% 1994 Bonds 69,536 1995 Bonds 70,995 73,626 (73,626) (100.00 1996 Bonds 122,383 118,023 118,830 807 0.68% Police Fire Bonds 786,584 759,074 757,394 (1,680) (0.22 Housing Redevelopment Authority 232,395 251,295 257,065 5,770 2.30% 10,778,957 11,319,018 11,627,415 308,397 2.72% 2 Major Budget Influences 2006 2009 pension costs 2006 ncrease of $133,000 in State Aid 2004 Loss of $1.68 Mi in State Aid 2005 Joss of an additions $335,000 in State Aid Overa �oss of $3.2+ Mi in HACA �oca_ Government Aid 2002 2006 General Fund Operating Budget Maintain Po Patrol at fu strength Maintain Fire operations at current =eve =s fu'- time c= erica^ support Maintain genera operations at 2004 __eve__s •Provide modest tec mo -ogy funding 4 Revenues Without Debt $14 $12 $10 cn 8 c El Taxes .Q $6 State Aids $4 $2 $0 2001 2002 2003 2004 2005 2006 Chart is without debt service 5 General Fund Revenue s 2006 Real Fsiate Taxes 7a 6% Interest 0.9% Court Fines 1.6% Rec. Canm Center Fees 4.4% Charge for Service 02% Stye Ai ds 9.0% Pud is Safety Charges J Ucerses f ornits 0.1% 4.9% Misc. Tam Misc. Rmenue 4.7% 0.4% 6 G eneral Fun Operating Revenu 2005 2006 Change Increase Taxes $10 $10,494,126 $377,126 3.73% o Est. Uncollectable ($293,4591 ($314 ($21 7.28% Miscellaneous Taxes $640,000 $650,000 $10,000 1.56% Licenses Permits $688,320 $683,754 ($4 -0.66% Intergovernmental Rev. $1 $1 $133,143 11.97% Charge for Service $26,150 $29 $3,290 12.58% Public Safety Charges $14 $13 ($950; -6.57% Recreation $268 $288,563 $20 7.48% Community Center Fees $310 $323 $13,250 4.27% Court Fines $225,000 $22000 ($5,000; -2.22% Misc. Revenue $113 $59 ($54 47.66% Interest 000 $130,000 �$20�000 13.33 TOTAI,j $13,371,657 $13,822,413 $450 3 .37 7 Cost of City Services Median House would pay, before Market Value Homestead Credit: $66.25 per month ($795.00 per year) for Police Fire Parks Streets Recreation Community Development General Government a Costs Continued Median House would a- pay $5.45 per month ($65.40 per year) to retire the debt for the po'-ice and ire 91 bui-dings Median House wou =d pay tota City faxes for services and po debt of $71.70 per month ($860 per year) before Market Va__ue Homestead Credit 9 Tax Computation Illustration Residential Hom4tead Tax Capacity Tax Capacity Taxable Market Value X 1% City Tax Rate City Levy /Total Tax Capacity of all Property Taxes Rate X C4pacity Taxes $149.600 limited market value home in 2 005 2006 Year Rate Capacity _City Taxes 2006 47.015% $1,496 $703.34 2005 50.487% $1,496 $755.29 ($51.94 Impact of Increas4d Value: Taxes on Median limited market value 2005 to 2006 Med. Value Capacity Citv Taxes_ 2006 $169,000 $1,690 $794.55 2005 $149,600 $1,496 $755.29 Difference $19,400 $194 $39.27 I�ote: before applicati3n of Market Value Homestead Credit 10 I mpact of Police 4 Fire Bonds Taxes based on, Market Value rather than tax ca}�a its Rate Tax Market Value $169 0. 03869 $65.39 Total City Tag Oeneral Tax +Police &Fire Bond Tax Exams Value $169,000 General Tax $794.55 lice &Fire �ond $65.39 $859.94 Actual Tax Statements fax Statements, adjusted for Market Va-ue Homestead Credit, indicate that the tota- effects of reducing Market Va Homestead Credit, increase in City =evy, and increased va for median house is in the area of: $65.00 per year or $5.42 per month 12 Comparison of Total Residential Estimated Market Value and Total Limited Market Value for Assessment Years 2002 2007 $1,800,000,000 $1,600,000,000 $1,400,000,000 $1,200,000,000 $1,000,000,000 L $800,000,000 O A $600,000,000 I i $400,000,000 $200,000,000 0- 2002 2003 2004 2005 2006 2007 Estimated Market Value 1130494300 1251467200 1377358800 1468462000 1556569720 1649963903 m Limited Market Value 936440600 1053225400 1217585500 1393738200 1556569720 I 1649963903 13 Value Held From Tax Capacity 194053700 I 198241800 I 159773300 74723800 31131394.4 I 16499639.03 13 City of Brooklyn Center 2006 Residential Property Tax Components $176,500 Estimated Market Value Median $169,000 Limited Market Value Median 2500 $2,109 $2,203 $2.267 bL3lti 2000 School ffio 1500 o City m m ni 771 771 a 1000 CL o County eoo wo n wo mo 0 .r i. Other Dist District 11 District 279 District 281 District 286 $169,000 Lirrited $169,000 Limited $169,000 Limited $169,000 Limited $176,500 Estimated $176,500 Estimated $176,500 Estimated $176,500 Estimated Property Tax $2,109 Property Tax $2,203 Property Tax $2,267 Property Tax $2,376 School District 14 Tax Capacity 2006 Cormmial kxWrial r 229% 8.5% Apartned 9.1% Residerial J 595% Tax Capacity 1996 5a2% 1 lt4% hdudrial Resicie�5al 9.4 °k 290% 15 General Fund 2006 City Manager Mayor Council 1.4% 0.9% City Clerk Convention Tourism 1.3% 2.2% Finance Park Maint. 4.9% 5.8% Legal 2.0% Recreation Admin Human Res. 7.6% 1.6% CARS Admin. 1.2 %t Other Gen. Gov't. Social Services 7.7% 0.6% Maintenance Streets 9.3% Public Works Admin. 3.6% Emergency Prep. 0.4% Inspections 2.5% Fire 5.3% Police 41.5% 16 s 2000 -2006 General Government Public Safety Community Development Public Works Social Services 02000 Parks Recreation 02005 Co nve ntion Tourism Risk Management Unallocated Dept. Transfers to Technology Fun $0 $1 $2 $3 $4 $5 $6 $7 $8 Millions 17 T f Mayor City Council" u $134,303 $128,408 $129,297 $133,735 City Manager $205 $185 $191 5 504 $203 City Clerk $164 $168 5 537 $171 $181 Finance $675 $704 $708 5 976 $698 Legal $250,000 $250,000 $265,000 $290,000 Human Resources $225,156 $223,245 $220,814 $226,777 Other Gen. Gov't. $1 $1 $1 $1 5 097 5 583 Police $5,452,700 $5,331,400 $5,636,664 $5,911,922 Fire $707,844 $692,917 $721,943 $756,862 Inspections $293 $326 $341 $361 Emergency Prep. $61 $63 5 063 1 64 9 295 $64 Public Works Admin. $575 $456 $495 $519 Maintenance Streets $1 5 359 5 789 $1 $1 5 212 5 511 $1 5 322,830 Social Services $93 $73 $79 $83 CARS Administration $154 $150 $159 $165 Recreation Admin $1 5 272,869 $1 9 028,609 $1 $1,086,573 Maintenance Parks $1 $865 $866 $831 Convention Tourism $339 $330,000 $304 $308 Unallocated ($276 ($370 ($362 ($420,836 Other Financing $1 $25 $70,000 $70,000 $15 $12 5 982 5 258 $13,391 $13 18 General Fund Expenditures by Type 2006 Personnel Costs 89.2% i I Capital Outlay 0.4% Transfers to Other Funds 0.5% 1 Contingency 0.1% Utilities 3.3% Insurance 1.2% Central Garage 8.7% l Cost of Sales 0.1% 4 Other Contractual 8.4% Supplies J Repair, rental 3.5% 2.0% Services Communications 2.9% 1.7% 19 y Tomes of &enditures Salaries $7 9 461 5 089 $7 2.06% $154 Fringe Benefits $2 $2 5.57%. $112 Supplies $507 $494 2.55% ($12,9331 Purchased Services $402 $401 -0.25% ($1,020 Communications $213 $258,958 21.1M $45 Repair, rental $309 $293 -5.16% ($15,971;1 Other Contractual $1 $1 7.43% $86 Central Garage $987 $942 -4.54% ($44 Insurance $166 $170,500 2.46% $4 Utilities $439,980 $459 4.47 $19,680 Capital Outlay $27,500 $63,000 129.09% $35,500 Transfers to other funds $25 $70 180.00% $45,000 Administrative Service ($354,084) ($354,084; -0.00% $0 Reimbursement ($430,000; ($454 5.73 ($24 Cost of Sales $28,533 $8,500 -70.21% ($20,033' Contingency $13 $3 190.88% 0 25 819 TOT^ $12,982,258 $13,391,078 3.15% $408,820 20 End of Presentation Expenditures GeneralGovernmert PuHC Safety Porce Fie Bonds Commwiy Deveiopmert PuHi Warls SocialServices Pads &Rematim Convention Tourism Ukh mgement 1997 1998 1999 UnalocrtedDept 2000 2001 Reinbmeme t from Odw Funds 2002 2003 Tnrdem to dpial Prq ects 2004 2005 Tnmfee to Debt Service 52006 I I I I i I i I -2 1 0 l 1 3 4 5 6 7 8 Mlians 22