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HomeMy WebLinkAbout1999 12-06 CCM Truth In Taxation Budget Hearing MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA TRUTH IN TAXATION BUDGET HEARING DECEMBER 6, 1999 CITY HALL CALL TO ORDER The Brooklyn Center City Council met for the Truth in Taxation Budget Hearing and was called to order by Mayor Myrna Kragness at 7:00 p.m. ROLL CALL Mayor Myrna Kragness, Councilmembers Debra Hilstrom, Kay Lasman, Ed Nelson, and Robert Peppe. Also present: City Manager Michael J. McCauley, Finance Director Charlie Hansen, and Recording Secretary Maria Rosenbaum. PRESENTATION City Manager Michael McCauley explained the purpose of this meeting was to give the public an opportunity to give input to the City Council on the proposed budget. By state law, the City Council may not take action to adopt the budget at a meeting at which it takes public input. Council discussed the General Fund materials. The Council had a few questions and Mr. McCauley was able to answer the questions from the Council. Mr. McCauley discussed the property tax comparison from 1999 to 2000. The combined property taxes for the General Fund, HRA, and EDA in 1999 were $7,563,304, and the proposed property taxes for 2000 are $7,742,888. This is a 2.37 percent increase. The specific purpose to which the increased taxes would be the increased costs of operations, such as personnel costs. Mr. McCauley suggested to open the public hearing. In 1999 the median value of the single - family house was $84,000. For taxes payable 2000, the median value of the single - family house will be $90,100. This reflects the robust real estate market which has seen the Brooklyn Center housing market experience substantial growth in value, overcoming a period in the early 90's when real estate values were stagnant. A motion by Councilmember Nelson, seconded by Councilmember Peppe to open the Public Hearing. Motion passed unanimously. 12/6/99 -1- No one appeared at the Public Hearing. A motion by Councilmember Lasman, seconded by Councilmember Nelson to close the Public Hearing. Motion passed unanimously. Mr. McCauley discussed the final budget will be adopted at the December 13, 1999, City Council meeting. There will be no continuation of the Truth in Taxation meeting since the Truth in Taxation Budget Hearing was completed. On December 13, 1999, there would be a subsequent hearing as provided by state law. ADJOURNMENT A motion by Councilmember Lasman, seconded by Councilmember Nelson to adjourn the meeting at 7:25 p.m. Motion passed unanimously. City Clerk Mayor 0 12/6/99 -2-