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2014 Strategy

2014 Strategy. All Commission Meeting April 20, 2013. The Vision & Strategy. An accessible community with an appreciation for our environment, trees, hills, ravines, landscapes and river including quality park, green and open space areas.

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2014 Strategy

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  1. 2014 Strategy All Commission Meeting April 20, 2013

  2. The Vision & Strategy • An accessible community with an appreciation for our environment, trees, hills, ravines, landscapes and river including quality park, green and open space areas. • A good place to raise a family through its life cycle and grow a business with well maintained neighborhoods and private properties • A fiscally responsible engaged government with well maintained infrastructure, access to quality inter and intra-community transportation and transit and safe residential and commercial neighborhoods and public spaces.

  3. The Budget • Part of the Vision • A Blend of Mission and Money • The means to the end

  4. Since 2002, the amount of debt per person in Cottage Grove has doubled.

  5. What is the City’s Bond Rating? AA+

  6. What impacts the Bond Rating? Strong Financial management and Strong Fund Balances The City’s financial policies including Fund Balance, Debt, and Investment Policies have guided operations for over 15 years.

  7. 2013 Capital Improvement Projects Pavement Management 70th Street (City Share) E Pt Douglas Rd Hinton Ave Street Repair Bike Park $18,800 $2,900,000 $7,600,000 $1,400,000 $543,000

  8. From 2010 to 2013, How much did the City’s Tax Levy increase? 0% The Tax Levy for 2011, 2012 and 2013 was $12,241,250.

  9. How much is the levy per capita? $292 Out of the 36 cities we compare ourselves to: White Bear Lake is lowest at $170 and Golden Valley is highest at $759

  10. Tax rates 2012

  11. From 2010 to 2012, General Fund Expenditures increased by what %? None of the above 10.2% 5.3% 0.0% 2.5%

  12. 2012 Expenditures

  13. General Fund Expenditures

  14. 2011 Expenditures per capita

  15. How should we set the Tax Levy for 2014? ? Tie any change to the inflation rate Tie any change to the change in the tax base Tie change to a set percentage Tie change to growth + CPI

  16. 2014 Budget Planning • Money for Operations? • Required Debt Payments? • New Projects/Initiatives? • Eliminate programs or services?

  17. More Questions • Are there amenities that we lack which the residents/taxpayers would pay for? • Residents get Value for the tax dollars they pay – How do we get this message across?

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