OKAY. NOW I CAN DO IT. OKAY. I'D LIKE TO CALL THIS MEETING TO ORDER.
[Roll Call]
[00:00:04]
IT'S A SPECIAL MEETING. NOTICE WAS GIVEN OF IT.AND PLEASED TO SAY THAT WE HAVE ALL COUNCIL MEMBERS AND MAYOR PRESENT.
SO WE DO HAVE A QUORUM. SO WITH THAT I ASSUME WE CAN DO THE PLEDGE OF ALLEGIANCE.
ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.
[Approval of Agenda]
LIMITS OF A SPECIAL MEETING. I'LL MOVE TO ACCEPT OUR AGENDA AS IS.SECOND. IT'S BEEN MOVED AND SECONDED. ANY FURTHER DISCUSSION? IF NOT, ALL THOSE IN FAVOR, SAY AYE. AYE. ANY OPPOSED SAME SIGN.
MOTION CARRIES. ALL RIGHT, WE'LL MOVE ON TO THE ITEM THAT IS IN THE CONSENT AGENDA TONIGHT.
[Consent]
AND IT'S AN AWARD FOR A CATCH BASIN AND STORM PIPE REPAIRS ON KELLY PARKWAY.[1) Award - Catch Basin and Storm Pipe Repairs on Kelley Parkway (26-022)]
I WOULD AGAIN ASK THE COUNCIL IF I COULD GET A MOTION TO APPROVE THAT CONSENT AGENDA OR IF SOMEBODY WOULD LIKE TO PULL THAT OUT FOR SEPARATE DISCUSSION, MAKE A MOTION TO APPROVE THE CONSENT AGENDA. I'LL SECOND IT.ALL RIGHT, ANY FURTHER DISCUSSION? IF NOT, ALL THOSE IN FAVOR, SAY AYE.
AYE. ALL OPPOSED SAME SIGN. MOTION CARRIES. AND THAT AWARD IS GRANTED.
NOW WE'LL MOVE ON TO THE FINANCE REPORT, WHICH IS CONSIDERATION OF OUR PRELIMINARY TAX LEVY.
[2) Adopt 2027 Preliminary Tax Levy - Resolution 7715]
[3) Adopt 2027 Preliminary General Fund Budget - Resolution 7716]
THAT'S RESOLUTION 7715. TURN THIS OVER TO STAFF TO WALK US THROUGH A DISCUSSION ON THE PRELIMINARY TAX LEVY.IS MY MIC OKAY? THAT'S FINE. GOOD EVENING. WE'RE HERE TO DISCUSS THE PRELIMINARY 2027 BUDGET FOR OUR BUDGET, FOR OUR GENERAL FUND BUDGET AND TAX LEVY. SO WE'RE HERE TO GET THE APPROVAL FOR THAT.
WE'RE IN THE POINT NOW. WE'RE IN SEPTEMBER FOR ACCEPTING WE STARTED MEETING IN MAY.
CURRENTLY FOR OUR TAX LEVY WE'RE LOOKING AT AN INCREASE OF 8.09% FOR THAT.
WITH THE BIGGEST INCREASE OBVIOUSLY IN THE GENERAL FUND.
WE ARE LOOKING FOR AN ESTIMATED TAX RATE FOR OUR LEVY AT 16.991, WHICH IS AN INCREASE OF 0.577 FROM 2026. AND THEN WE ARE LOOKING AT THE IMPACT ON A MEDIAN HOME ON A RESIDENTIAL PROPERTIES IN THE HIGHLIGHTED AREA.
AND FOR THE MEDIAN HOME IN 2027, WE'RE LOOKING AT 1.1, 01,149,132, WHICH IS AN INCREASE OF 5.48 FROM 2026. AND FOR THAT MEDIAN HOME IN 2026, THE CITY TAXES WERE 1.7604. AND IN 2027, WE WERE LOOKING AT 1.8223 FOR THE CITY TAXES.
FOR THE GENERAL FUND REVENUE BUDGET, WE'RE LOOKING AT AN INCREASE OF 7.83.
THE BIGGEST INCREASES FROM PROPERTY TAXES AND THEN PUBLIC SAFETY SERVICE CHARGES.
SORRY. NEXT SLIDE. AND THEN THE GENERAL FUND EXPENDITURE BY DEPARTMENT IS MAINLY INCREASED WITH OUR FIRE SERVICE, CONTRACTED SERVICES, POLICE AND COMMUNITY DEVELOPMENT DUE TO OUR COMP PLAN AND ALONG WITH STREET MAINTENANCE FOR 27.
AND THEN BY CATEGORY, YOU CAN SEE WHERE THE INCREASES ARE FOR PERSONAL SERVICES INSURANCES AND OTHER WHAT IS DRIVING UP THAT LITTLE BIT OF, TO 7.83 FOR THE INCREASE. THE IMPACTS FOR 2027 IS LOOKING AT OUR CPI-U INFLATION OF 4.7%. OUR ESTIMATED TAX TAXABLE MARKET VALUE IS INCREASED BY 3.58.
AND OUR ESTIMATED TAX AND NET CAPACITY IS INCREASING BY 4.41%.
SORRY, 4.41%. WAGES IS INCREASING BY 4%. AND OUR POLICE SERVICE CONTRACT IS MOUND IS BASED ON OUR CPI-U AND NOT A WAGE INCREASE. AND THEN OUR OTHER IMPACT IS OUR HEALTH INSURANCE, WHICH WE WILL NOT RECEIVE THAT IMPACT, THAT INFORMATION UNTIL LATE OCTOBER OF THIS YEAR.
[00:05:06]
SO WITH THAT, OUR NEXT STEP WE'RE ASKING STAFF IS ASKING COUNCIL TO APPROVE THE RESOLUTION 7715, ADOPTING THE 2027 PRELIMINARY TAX LEVY. APPROVE RESOLUTION 7716, ADOPTING THE 2027 PRELIMINARY GENERAL FUND BUDGET. SET TRUTH-IN-TAXATION HEARING FOR THE DECEMBER 7TH COUNCIL MEETING.AND THESE ITEMS MUST BE APPROVED AND SENT TO THE COUNTY BY SEPTEMBER 30TH.
AND ONCE THAT IS SENT IN, THE PRELIMINARY LEVY IS SENT IN THE.
WE CANNOT INCREASE IT, BUT WE CAN DECREASE IT.
AND THEN THE FINAL LEVY AND BUDGET APPROVAL WILL OCCUR AT THE DECEMBER 7TH COUNCIL MEETING.
AND THEN THE PRELIMINARY LEVY BUDGET AND LEVY TAX INFORMATION WILL BE WHAT TAXPAYERS WILL RECEIVE ON THEIR TNT NOTICE, WHICH IS SENT OUT BY HENNEPIN COUNTY IN NOVEMBER.
THAT'S ALL I HAVE. SO WE WERE LOOKING FOR THAT.
QUESTIONS FOR STAFF? I WOULD NOTE FOR THE PUBLIC THAT WE HAVE SPENT SEVERAL WORK SESSIONS ON THIS, ON DEVELOPING THIS BUDGET AND OUR PRELIMINARY TAX LEVY.
SO THIS IS CERTAINLY NOT OUR FIRST LOOK AT IT.
STAFF HAS BEEN RESPONSIVE TO CUTS THAT WE RECOMMENDED, BUT THERE'S ONLY SO MUCH WE CAN CUT.
SO ANY, ANY OTHER COMMENTS OR QUESTIONS FROM COUNCIL MEMBERS? IF NOT, I WOULD ENTERTAIN MOTIONS TO APPROVE THE RESOLUTIONS AS I'LL MAKE A MOTION TO APPROVE RESOLUTION 7715, ADOPTING THE 2027 PRELIMINARY TAX LEVY AND SET THE TRUTH-IN-TAXATION MEETING FOR DECEMBER 7TH AT 6 P.M..
I'LL SECOND IT. ANY FURTHER DISCUSSION? NOT ALL THOSE IN FAVOR, SAY AYE.
AYE. AYE. ANY OPPOSED SAME SIGN. MOTION CARRIES.
COULD WE ALSO HAVE A MOTION ON RESOLUTION 7716.
I'LL MAKE A MOTION TO APPROVE RESOLUTION 7716.
ADOPTING THE 2027 PRELIMINARY GENERAL FUND BUDGET.
I'LL SECOND. OKAY. ANY FURTHER DISCUSSION? NOT ALL THOSE IN FAVOR SAY AYE.
AYE. ANY OPPOSED SAME SIGN. MOTION CARRIES. SINCE THAT IS ALL WE HAD IN OUR AGENDA THAT WE POSTED I WOULD ENTERTAIN NOW A MOTION TO ADJOURN.
I'LL MAKE A MOTION TO ADJOURN. IS THERE A SECOND? SECOND. ALL THOSE IN FAVOR, SAY AYE. AYE. ANY OPPOSED SAME SIGN.
MOTION CARRIES. WE ARE ADJOURNED AT 5:08 IN TIME FOR STEVE'S 5:10 TO.
* This transcript was compiled from uncorrected Closed Captioning.