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City of Becker 2011 Budget & Levy December 7, 2010

City of Becker 2011 Budget & Levy December 7, 2010. Procedure. Presentation of budget & levy City Council comments & questions Comments & questions from residents Make final changes to 2011 budget Adopt final 2011 budget & levy on December 21, 2010. Truth-in-Taxation Goals.

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City of Becker 2011 Budget & Levy December 7, 2010

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  1. City of Becker2011 Budget & LevyDecember 7, 2010

  2. Procedure • Presentation of budget & levy • City Council comments & questions • Comments & questions from residents • Make final changes to 2011 budget • Adopt final 2011 budget & levy on December 21, 2010

  3. Truth-in-Taxation Goals • Present the 2011 Budget • Present the 2011 Levy • City Council Feedback • Public Comment on Budget & Levy • Opportunity to Fine Tune Budget

  4. Organizational Overview • Overall Budget: $9.4 million • Administration: $1 million (City Council, Administrator, City Clerk, Professional Services, Planning, EDA) • Public Works: • Streets $ 1 million • Water/Wastewater $2.2 million • Park & Recreation/Community Center (Parks, Trails, Community Center Ops): $1 million • Golf (Operations, Maintenance) $1 million • Public Safety: $1.2 million • Police: $700,000 • Fire: $500,000 • Debt Service $2 million

  5. CITY OF BECKER 2011 Tax Levy

  6. CITY OF BECKER Operating Revenue Budget

  7. CITY OF BECKER Operating Expenditure Budget

  8. TAX CAPACITY EXPLANATION • Tax Capacity is the value assigned to property and is the value your tax is calculated on. Tax capacity is calculated by multiplying the property market value by the appropriate class rate percentage. Residential Homestead: First $500,000 of value 1.00% Value over $500,000 1.25% Commercial/Industrial/Public Utility: First $150,000 1.50% Value over $150,000 2.00%

  9. TAX CAPACITY EXAMPLES

  10. PROJECTED TAX RATE FOR BECKER 2010 2011 City rate: 28.482 29.584 EDA rate: 1.05800.874 Combined rate: 29.540 30.458 • Separate levy for fire station bond based on market value, not tax capacity.

  11. TAX BILL TRENDS

  12. Closing Points • Continue moving cautiously forward • Aggressively manage the city’s $27 million debt • Actively manage & maintain our infrastructure • Continue to aggressively manage risk • Continue to leverage technology for efficiency & delivery • Continue pursuing well site to meet city’s water needs • Continue to organize city’s information • Continue to pursue economic development • Sharing resources/elimination of duplication of services • Transparency, continue to improve process & procedure

  13. Contact Information • Budget questions may be directed to me at gpruszinske@ci.becker.mn.us • Property value questions may be directed to the County Assessor directly at 763.241.2880 or 1.800.438.0577 • Board of Appeal & Equalization meeting is scheduled for April 13, 2011 in the Becker City Council Chambers. The County Assessor will be in attendance at the April 13, 2011 meeting and will address valuation questions in more detail. You can also contact the.

  14. Questions & Answers Final Levy Adoption Date: December 21, 2011 Time: 5:00 PM Place: Becker City Hall

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