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12-03-2007 Truth in Taxation Meeting CITY OF SCANDIA CITY COUNCIL AGENDA TRUTH IN TAXATION PUBLIC HEARING Monday, December 3, 2007 7:00 p.m. 1. Call to Order—Mayor Dennis Seefeldt 2. Overview of Proposed 2008 Budget Administrator Anne Hurlburt 3. Truth in Taxation Public Hearing 4. Adjournment Meeting Date: 12/3/2007 Agenda Item: City Council Agenda Report City of Scandia 14727 209th St. North Scandia, MN 55073 (651) 433-2274 Action Requested: Hold a public hearing on the proposed 2008 budget and tax levy, also known as a"Truth in Taxation(T in T)"hearing. Deadline/ Timeline: The date of this hearing and subsequent dates for adoption of the budget and tax levy are determined by state statutes. Background: • All Scandia property owners have been notified of this first City of Scandia T in T hearing on their Proposed Property Tax Statements mailed by Washington County in late November. An advertisement was also placed in the City's legal newspaper, as required by state law. • At the hearing, staff will give an overview of the proposed 2008 budget and tax levy, and present information about the impact on property tax payers. • After the presentation, the hearing should be opened to questions and comments from the public. • The City Council has the option of continuing the hearing to 7:00 p.m. on Monday, December 10 if there is not adequate time to complete discussion at the December 3 meeting. • After the hearing is complete, the next step will be to adopt the final 2008 budget and tax levy, tentatively scheduled for the December 18, 2007 City Council meeting. Recommendation: I recommend that the Council hold the hearing, then determine if a continuation hearing is necessary. Attachments/ • Hearing Notice Materials provided: • Notes on Proposed 2008 Budget and Tax Levy, September 12, 2007 Contact(s): Prepared by: Anne Hurlburt, Administrator (truth in taxation hearing) Page 1 of 1 11/29/07 Pvutdo CITY OF SCANDIA, MINNESOTA NOTICE OF PROPOSED TOTAL BUDGET AND PROPERTY TAXES The Scandia City council will hold a public hearing on its budget and on the amount of property taxes it is proposing to collect to pay for the costs of services the city will provide in 2008. SPENDING: The total budget amounts below compare the city's 2007 total actual budget with the amount the city proposes to spend in 2008: 2007 Total Proposed 2008 Change from Actual Budget: Budget: 2007 — 2008: $2,222,469 $2,627,787 +18.24% TAXES: The property tax amounts below compare that portion of the current budget levied in property taxes in the city of Scandia for 2007 with the property taxes the city proposes to collect in 2008: 2007 Property Proposed 2008 Change from Taxes: Property Taxes: 2007 - 2008 $1,533,930 $1,703,589 +11.06% LOCAL TAX RATE COMPARISON: The following compares the city's current local tax rate, the city's tax rate for 2007 if no tax levy increase is adopted, and the city's proposed tax rate for 2008: 2007 2008 Tax Rate if 2008 Proposed Tax Rate: NO Levy Increase: Tax Rate: 23.997% 22.478% 25.092% ATTEND THE PUBLIC HEARING All Scandia residents are invited to attend the public hearing of the City Council to express their opinions on the budget and on the proposed amount of 2008 property taxes. The hearing will be held on: Monday, December 3, 2007 at 7:00 p.m. Scandia Community/Senior Center 14727 209th St. N. If the discussion of the budget cannot be completed, a time and place for continuing the discussion will be announced at the hearing. You are also invited to send your written comments to: City of Scandia 14727 209th St N. Scandia, Minnesota 55073 www.ci.scandia.mn.us For publication in the Forest Lake Times on November 29, 2007 11/29/07#939664R City of Scandia Proposed 2008 Budget and Tax Levy Notes September 12, 2007 Process The Scandia City Council has set the maximum property tax levy based on a draft budget for 2008. In November, property owners will receive their"Truth in Taxation" statements showing their preliminary property tax bills. All are invited to comment on the proposed tax levy at the City's first Truth in Taxation public hearing on December 3. The proposed levy can be decreased,but cannot be increased, when the final tax levy and budget are adopted on December 18. Budget Factors • The city's operating budget is expected to increase by 2.02% from 2007 to 2008. • The increase is less than the rate of inflation, even as some costs are increasing faster. For example: o Police services-12.02% increase in contract with Washington County o Insurance—health insurance is up 17.6% and workers compensation insurance is up 10% • Changes between the 2007 and 2008 budgets include: o Hiring new and replacement staff members, and initiating basic employee benefits to attract and retain a quality workforce o Funding capital expenditures to improve efficiency(such as computers, a salt/sand storage structure for public works) and maintain existing facilities o Implementing some recommendations of the new Capital Improvements Committee, including starting an equipment replacement fund to better plan for major purchases, and a pavement management plan to recommend the most cost-effective methods to maintain roads o Completing an update of the city's Comprehensive Plan o Funding Fire Department proposals for compensating firefighters to encourage retention and new volunteers Levy and Tax Rate • The total city property tax levy will increase by 11.06% from 2007 to 2008 (from $1,533,930 to $1,703,589) • The tax increase is more than the operating budget increase because: o Other revenues (interest, permit fees, state aid) are down o A large part of Scandia's resources are spent on road paving projects, including debt service. This is a continuation of the program started by New Scandia Township over ten years ago. • The 6%growth in taxable property value from 2007 to 2008 absorbs some of the levy increase, so the tax rate will increase by 4.67% • The proposed 2008 tax rate of 25.116% is less than the New Scandia Township tax rates for 2005 (28.036%) and 2006 (26.551%.) Impact on Individual Taxpayers • City property taxes on the average value home in Scandia($391,700 in 2008) will increase by a maximum of 6.15% ($56.61.) • Part(about one-fourth) of this increase is due to an increase in the average home value, which was $387,000 in 2007. • Scandia has consistently ranked low for municipal property tax burden compared to other Metropolitan Area communities. In 2006, Scandia ranked 82nd among 113 cities and towns above 2,300 population. 12/3/2007 What is a "T in T" Hearing? Truth-in-Taxation Hearing ❑ Purpose: to gather public comment on the City's budget, and the property taxes needed to pay for the expenditures in 2008 City of Scandia 0 Hearing held in each taxing December 3, 2007 jurisdiction (county, city, school district, etc.) O Mandated by State Legislature What it is not... City Budget Process ❑ Not a hearing to discuss changes in 0 June/July- staff drafts budgets market value of property 0 August- Council workshops ❑ Board of equalization meetings held 0 September 15- certify maximum in the spring property tax levy ❑ November- county mails proposed property tax statement ❑ December- Truth-in-Taxation hearing O December 28- certify final tax levy (may not increase) Scandia's Budget Proposed 2008 Spending, All Funds ❑ General Fund • Operations including Administration,Fire, Police, Planning&Building, Public Works,Parks, Capital Enterprise Funds Community Center,etc. s% 1% ❑ Debt Service Funds • • Street paving, Fire Hall/P Wks bonds � .,.,. ❑ Ca ital Funds Debt service �#. P sa% • Capital Improvement, Parks,Equipment General/ Replacement -Operating ❑ Enterprise Funds (201 Sewer) 62% Scandia Truth in Taxation Hearing 1 12/3/2007 Proposed 2008 Spending, Proposed 2008 Spending, All Funds Debt Service Funds ❑ Total proposed 0 Proposed spending: .°,...,... spending: N°°•oo°0 —11 $2,629,787 / $891,099 ..00.000 0� I �i"Ir /� 1 ° P'r• I • +18.33%from .x0..,0 • +51.01/o from . / r--r' , 2007 budget ' 12007 budget , ,,.% 1 1 1 "1''°'m0 New Debt for O • +2.47%from 2006 ' I ....,... actual ..,...,0 1 I '' 1 2007 Road "°°'°°° "°a°°° I I I• +16.82%from ..00,000 • Improvement 2005 actual �I ' ' ' ' .,�,�/ Project w goo. °oo. 2007 °oo. Proposed 2008 Spending, General Fund Budget Factors ❑ Proposed 0 Some costs increasing faster than inflation • Police services--+12% spending: .. �/ • Insurance-health care+17.6%,workers comp $1,626,464 _ /- mom +10% • +2.02%from 2007 ..,... r I � ❑ Staffing and basic benefits budget s.,. / �` � ■ 0 Capital expenditures to improve efficiency(salt/sand 9 structure,computers)and maintain existing facilities 000• -14.72%from 2006" 2 ' . I 0 Recommendations of Capital Improvements actual ..,, �. 1 Committee • +6.54%from 2005 '°°°,°°°1 'i I ■ • Equipment Replacement Fund actual na00000 2 • • •" • • Pavement management plan so °�, . � l'` 0 Completing Comprehensive Plan Update °� ❑ Fire Department compensation Proposed General Fund Spending, Proposed Spending all Funds, By Function By Category Parks/ Public Comm.Ctr General workc 6% Govt Transfers Personal 36% 23% Debt Service 2% Services 35% 20% ,4 ^�` " Materials .'.�.` ..F a Supplies 6% Planning Bldg 10% Police Capital Fire 6% Outlays Contractual Fire 2% Services 19% 35% Scandia Truth in Taxation Hearing 2 12/3/2007 Proposed Spending General Fund, Proposed 2008 Revenue, By Category All Sources & Funds 0 Total proposed Capital Debt Service Transfers personal Outlays 1% 2 Services revenue: .,._°°. ' 1% 32% $2,208,672 \ -1 • +6.34%from 2007 .x°°°, l r I I I budget '"°''.000I I • Less than budget s..°°°,o.° I ' 1 (spending reserves in Debt Service ss°° , ' ' ' Materials& Funds) Contractual - Supplies zoos 0099 2007 200e Services 10 54% 2008 Proposed Revenues, All Funds by Source Property Tax Levy �eao° o4Wo ro $1,800,000 Ich.v.f« ron.eur.0 o m.7.../.7. Prieio,vroM • I • s.s.vm• _ p % Berenue. s.7 t.s% $1,400,000 Tn arq.varnmenl r ix...n... $1,200,000 ill ■ 3.6% $$000,000 p I. i • i is i s $000,000 I Permits ,' '� $600,000 i1 • ■ III ■ • : ■ 9.0% $400,000 11 • - • • ` • • ■ $200,0000 i1 • • • • • ■ 76.8% 76.8% 2003 2004 2005 2006 2007 2008 Property Tax Rate Property Tax Levy and Rate 29.000%'28.036% SS,.00,000- 29.0009, 28.036 28.000%d s.,.0o,00o 28.000%I % 26.551% Il ..- 27.000%/ ..,.00,000 v.000%Il 26ss1 26.000%/ 25.092% ' o00, _ — 26.°°ov,II 25.000//, 23.996%o .;�;r ■ se .. Illiniiil 2s.0009,l in 24.000%I. . ti _III — — -- ::°°°: ��... s.00,000 -s.00,000 - - l■I, ," aoo,000 - - - _ _ l I. ■ s s so_ 21.000% MI d zoos zoos 2007 xooe 2005 zoos 2oo7 zooe 2005 2006 2007 2008 Tax Levy Tax Rate Scandia Truth in Taxation Hearing 3 12/3/2007 Calculating Your Proposed Property Taxes- Summary Property Tax Bill ❑ Proposed 2008 levy increase = 0 Rate is determined by: 11.06% • Total levy less fiscal disparities levy, ❑ Growth in taxable property value = divided by total taxable property value 6% ❑ Your tax bill is: ❑ Tax Rate increase = 4.56% • Tax capacity(1%of first$500,000 of market value, rem. at 1.25%) times tax rate, less market value homestead credit (.40% of first$76,000 market value less .09% of rem. value) 2007 & 2008 Scandia City Taxes Average Scandia by Home Value Residential Homestead Market 2008 2007 Tax* 2008 Tax* Tax 0/0 Value Increase 2007 Proposed Change $100,000 $141.12 $152.08 $10.96 7.77% Market Value $387,000 $391,700 +1.21% $150,000 $276.85 $293.29 $16.44 5.94% Tax Capacity $3,870 $3,917 +1.21% $250,000 $548.31 $575.71 $27.40 5.00% Gross Property Tax $928.66 $982.85 +5.84% Less MVHC -$8.44 -$6.95 -17.55% $500,000 $1,199.80 $1,254.60 $54.80 4.57% Net City Tax $920.22 $975.90 +6.05% $750,000 $1,949.68 $2,038.73 $89.05 4.57% *Net after 35%of Homestead Credit Your Proposed Property Tax Bill City Share of Property Tax (2007) ❑ May also be affected by: • Valuation changes Watershed Other • Phase-out of limited market value s% 3% County 38,/° • Homestead credit($0 at$414,000 value) School • School district differences 18% ❑ Chisago Lakes: 31.9%levy reduction(before referendum) ❑ Forest Lake: 13.3%levy increase • Watershed district differences ❑ Comfort Lake-Forest Lake: 19%increase ❑ Rice Creek: 40%increase o City ❑ CMSCWD: 57%increase in levy,20%rate decrease due to expanded tax base 35% Scandia Truth in Taxation Hearing 4 12/3/2007 Scandia's Property Tax Ranking Scandia's Property Tax Ranking ❑ 2007 Property Tax on Average Value 0 2007 Property Tax on Average Value Home, Cities &Towns over 2,000 Home, Cities &Towns over 2,000 Population Population, Metro Smaller Cities • County taxes: 22/25 • County taxes: 8/9 • City taxes: 89/117 • City taxes: 22/24 • School taxes: 57/61 (FL) • School taxes: 16/18 (FL) • Special district taxes: 78/78 • Special district taxes: 22/22 • Total local taxes: 114/117 • Total local taxes: 24/24 Source: Minnesota Citizen's League Source: Minnesota Citizen's League Next Steps ❑ Open hearing for comments and Thank you! questions O Continuation of hearing (only if needed) at 7:00 p.m. on Monday, December 10, 2007 For more information: www.ci.scandia.mn.us 0 Adoption of 2008 budget and tax levy at regular Council meeting on Tuesday, December 18, 2007 Anne Hurlburt, City Administrator a.hurlburt(aci.scandia.mn.us Scandia Truth in Taxation Hearing 5