Loading...
V.2. 2018 Budget Meeting, 2018 Tax Levy and General and Special Revenue Fund Budgets; Bishop (CR2017-141)December 5, 2016 Council Report 2017-141 2018 BUDGET MEETING, 2018 TAX LEVY AND GENERAL AND SPECIAL REVENUE FUND BUDGETS Proposed Action Staff recommends adoption of the following motion: Move to Adopt Resolution 2017-086 approving the 2018 tax levy and adopting the 2018 General and Special Revenue Fund budgets. Adoption of this motion will result in staff forwarding the appropriate documentation to Hennepin County for inclusion on property taxes for 2018 and will approve the 2018 General and Special Revenue Fund budgets. Overview The City Council and staff have held a number of meetings and work sessions during 2017 to prepare for the 2018 general fund budget and 2018 tax levy. This evening we are taking input from the public on the 2018 budget. During 2017 the council reviewed and gave input related to the Capital Improvement Plan, the Equipment Replacement Plan and updated the Financial Management Plan which along with a series of program and budget discussions were instrumental in the development of the 2018 budgets. The budget in its current form recommends spending in the general fund at $13,435,355 and a total tax levy of $14,221,880. The levy includes provisions for general fund operations and debt obligations. In addition, a proposed HRA levy of $331,337 is also being recommended. Staff is recommending that the council adopt the resolution approving the tax levy for 2018 and setting the 2018 general and special revenue fund budgets. Primary Issues to Consider • The state mandates certification of the 2018 levy to the County Auditor no later than December 28, 2017. Supporting Information • Resolution 2017-086 • 2018 General Fund and Special Revenue Fund Budgets • Power point presentation slides • Assoc. of MN Counties – “Fourteen Reasons Why Property Taxes Vary from Year to Year” Nick Bishop, CPA Finance Director Financial Impact: $13,435,355 GF Budgeted: Y/N Y Source: Taxes & other revenues Related Documents (CIP, ERP, etc): 2017 Budget, CIP, ERP, Notes: CITY OF HOPKINS Hennepin County, Minnesota RESOLUTION NO. 2017-086 RESOLUTION APPROVING 2018 TAX LEVY AND ADOPTING THE 2018 GENERAL AND SPECIAL REVEUNE FUND BUDGETS BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA, That the following sums of money be levied for the current year collectible in 2018 upon the taxable property in the City of Hopkins, for the following purposes. General Levy General $11,072,657 Special Levies Debt Levies 2010A GO Improvement Bonds 80,000 2012A GO Capital Improvement Bonds 220,000 2012B GO Bonds 120,000 2012B Equipment Certificates 90,000 2013A GO Bonds 80,000 2014A GO Bonds 90,000 2014B GO Refunding Bonds 670,000 2015A GO Street Reconstruction Bonds 250,000 2015B GO Tax Abatement Bonds 115,000 2016A GO Improvement Bonds 90,000 2016B GO Tax Abatement Bonds 34,891 2016C Equipment Certificates 242,484 2017A GO Street Reconstruction Bonds 900,000 2017B GO Tax Abatement Bonds 166,848 Subtotal Special Levies 3,149,223 Total Levy $12,945,032 HRA/EDA Levy Housing & Redevelopment Authority Levy $ 331,337 This levy is made based on current law and the 2018 General Fund Budget of $13,435,355. BE IT FURTHER RESOLVED, that the following amounts are budgeted for the Special Revenue Funds: State Chemical Assessment $60,000 TIF 2.6 Handicapped Housing Dev $6,976 Economic Development $245,700 TIF 2.11 Super Valu $1,640,240 TIF 1.2 Entertainment District $13,242 5th Avenue Flats $2,000 Parking $113,529 TIF 1.4 – Marketplace & Main $120,950 Communication (Cable TV) $285,566 Arts Center $992,908 Depot Coffee House $367,753 BE IT FURTHER RESOLVED, that the City Clerk is hereby ordered and directed to transmit a certified copy of this resolution to the County Auditor of Hennepin County, Minnesota. Adopted by the City Council of the City of Hopkins on this this 5th day of December, 2017. _______________________________________ Molly Cummings, Mayor ATTEST: _____________________________ Amy Domeier, City Clerk City of Hopkins General Fund Revenue Budget For the Year Ending December 31, 2018 Adopted December 5, 2017 Department 2017 Budget 2018 Budget % Increase (Decrease) Property Taxes 10,366,666 10,832,657 4.50% Intergovernmental Revenue PERA Aid 20,510 20,510 Local Government Aid 423,916 549,023 Intergovernmental Revenue - Other 584,000 604,400 Total Intergovernmental Revenue 1,028,426 1,173,933 14.15% Licenses, Permits & Fines Court Fines & Penalties 176,500 176,500 Building Permits & Inspections 385,660 463,900 Inspection Fines & Citations 8,000 8,000 City Clerk - Business Licenses 7,050 7,050 PD - Liquor, Animal Licenses & Penalties 95,600 95,600 Fire - Licenses & Permits 3,800 3,800 Public Works - Licenses & Permits 27,115 27,115 Planning & Zoning - Licenses & Permits 3,500 3,500 Total Licenses, Permits & Fines 707,225 785,465 11.06% Charges for Service Finance Department 9,750 9,750 Assessing 3,000 3,000 Inspections 74,850 87,850 Police 33,000 33,000 Fire 3,000 15,000 Public Works 2,750 2,750 Activity Center 66,500 71,500 Total Charges for Service 192,850 222,850 15.56% Miscellaneous Revenue Franchise Fees 290,000 290,000 Miscellaneous 20,250 15,250 Finance Department 5,100 5,100 Elections 20,000 - Police 2,000 2,000 Fire 3,500 3,500 Public Works 4,600 4,600 Activity Center 10,000 10,000 Planning 94,695 - Community Development 90,000 90,000 Total Miscellaneous 540,145 420,450 (22.16%) Total Revenues 12,835,312 13,435,355 4.67% City of Hopkins General Fund Expenditure Budget For the Year Ending December 31, 2018 Adopted December 5, 2017 Department 2017 Budget 2018 Budget % Increase (Decrease) City Council 82,898 103,559 24.92% Administrative Services Administration 199,194 244,868 Personnel 96,364 61,406 Wellness 2,500 2,550 Information Services 331,590 373,359 Total Administrative Services 629,648 682,183 8.34% Finance General Accounting 188,954 190,381 Payroll 82,809 82,847 Utility Billing 10,895 10,950 Total Finance 282,658 284,178 0.54% Legal 150,000 150,000 0.00% Municipal Building 343,282 379,764 10.63% History Center 3,450 3,465 0.43% Receptionist 43,044 - (100.00%) Assessing 222,643 222,826 0.08% City Clerk City Clerk 110,120 69,568 Elections 58,935 83,900 Total City Clerk 169,055 153,468 (9.22%) Inspections Building Code Inspections 290,272 301,747 Fire Inspections 42,025 42,120 Heating & Plumbing Inspections 99,552 101,242 Housing Inspections 185,796 190,052 Misc. Community Inspections 89,246 91,536 Vacant Property Management 4,927 4,927 Total Inspections 711,818 731,624 2.78% City of Hopkins General Fund Expenditure Budget For the Year Ending December 31, 2018 Adopted December 5, 2017 Department 2017 Budget 2018 Budget % Increase (Decrease) Police Police Administration 494,817 514,172 Patrol 3,396,561 3,379,591 SWAT 81,272 81,931 Reserves 20,788 20,897 Investigations 496,984 494,629 Metro Drug Task Force 138,146 143,756 Outreach 116,303 116,380 Reception-Records 286,140 286,370 Systems Management 64,091 65,500 Total Police 5,095,102 5,103,226 0.16% Fire 1,176,532 1,239,858 5.38% Public Works PW Building 54,109 64,444 Equipment Services 125,648 130,323 Administration 62,165 62,261 Engineering 148,278 160,324 Street & Alleys 1,114,847 1,118,497 Snow & Ice Removal 224,106 221,327 Parks 784,337 855,515 Forestry 287,442 299,364 Total Public Works 2,800,932 2,912,055 3.97% Recreation Playground 22,755 22,762 Ice Rink 31,618 31,636 Park Service 27,162 27,173 Joint Recreation 169,500 172,000 Skate Park 8,819 8,833 Total Recreation 259,854 262,404 0.98% Activity Center Community Use 335,497 343,861 Maintenance 72,430 76,042 Total Activity Center 407,927 419,903 2.94% Planning & Zoning 246,877 196,774 (20.29%) City of Hopkins General Fund Expenditure Budget For the Year Ending December 31, 2018 Adopted December 5, 2017 Department 2017 Budget 2018 Budget % Increase (Decrease) Community Development 124,820 126,868 1.64% Tuition Reimbursement 15,200 18,200 19.74% Contingency 54,572 430,000 687.95% Transfer to Other Funds 15,000 15,000 0.00% Total Expenditures 12,835,312 13,435,355 4.67% City of Hopkins Special Revnue Funds Budget For the Year Ending December 31, 2018 Adopted December 5, 2017 Revenues Fund No.2017 Budget 2018 Budget % Increase (Decrease) 203 State Chemical Assessment 60,000 60,000 0.00% 204 Economic Development 396,200 402,037 1.47% 211 TIF 1.2 Entertainment District 31,000 30,000 (3.23%) 214 Parking 144,500 150,500 4.15% 217 Communications (Cable TV)269,200 269,200 0.00% 219 Depot Coffee House 348,000 352,000 1.15% 226 TIF 2.6 Handicapped Housing Dev.19,024 21,000 10.39% 231 TIF 2.11 Super Valu 2,408,000 2,408,000 0.00% 232 5th Avenue Flats - - 0.00% 233 TIF 1.4 - Marketplace & Main 120,950 125,000 3.35% 250 Arts Center 935,734 975,626 4.26% Expenditures Fund No.2017 Budget 2018 Budget % Increase (Decrease) 203 State Chemical Assessment 60,000 60,000 0.00% 204 Economic Development 210,449 245,700 16.75% 211 TIF 1.2 Entertainment District 13,242 13,242 0.00% 214 Parking 110,928 113,529 2.34% 217 Communications (Cable TV)289,747 285,566 (1.44%) 219 Depot Coffee House 343,036 367,753 7.21% 226 TIF 2.6 Handicapped Housing Dev.6,976 6,976 0.00% 231 TIF 2.11 Super Valu 1,790,665 1,640,240 (8.40%) 232 5th Avenue Flats 2,000 2,000 0.00% 233 TIF 1.4 - Marketplace & Main 120,950 120,950 0.00% 250 Arts Center 1,234,505 992,908 (19.57%) Fund Fund 11/30/2017 1 Public Meeting for the 2018 Levy & Budget December 5th, 2017 Purpose of this Meeting Discuss and Review the City’s Budget and how  it impacts your taxes Discuss the City’s Tax Levy Will NOT address individual property  valuations 11/30/2017 2 Taxation Process Set Preliminary Levy on September 9th Proposed Tax Notices were mailed on  November 13th Public Meeting for Final Levy and Budget – Tonight/December 5th Adopt Final Budget and Levy Planned for Tonight/December 5th Must be passed before December 28th General Fund Expenditures Contingency for Classification and  Compensation Study still included Wages only set for non union employees Full‐time Fire Marshall replacing 30  hour/week of part‐time employees 11/30/2017 3 General Fund Expenditures Budget Proposed % Increase FY2017 FY2018 (Decrease) General Government 1,491,936 1,603,149 7.45% Community Services 1,518,257 1,431,560 -5.71% Public Safety 6,271,634 6,343,084 1.14% Public Works 2,800,932 2,912,055 3.97% Recreation 667,781 682,307 2.18% Other 84,772 463,200 446.41% 12,835,312 13,435,355 4.67% General Fund Expenditures General  Government,  11.9% Community  Services,  10.7% Public Safety,  47.2% Public Works,  21.7% Recreation,  5.1% Other, 3.4% 11/30/2017 4 General Fund Revenues Tax Levy – increased $466K or 4.5% Local Government Aid – increased $125K Inspections Revenue – increased $91K General Fund Revenues Budget Proposed % Increase FY2017 FY2018 (Decrease) Property Taxes 10,366,666 10,832,657 4.50% Intergov't Revenue 1,028,426 1,173,933 14.15% Licenses, Permits & Fines 707,225 785,465 11.06% Charges for Service 192,850 222,850 15.56% Misc. Revenue 540,145 420,450 -22.16% Total Revenue 12,835,312 13,435,355 4.67% 11/30/2017 5 General Fund Revenues Property  Taxes,  80.6% Intergov't  Revenue,  8.7% Licenses,  Permits &  Fines, 5.8% Charges for  Service,  1.7% Misc.  Revenue,  3.1% 2018 Debt Service Levy Issued debt in 2017 to pay for Burnes Park  Improvements, 8th Avenue Artery Project and  a portion of Blake Road 11/30/2017 6 2018 Tax Levy Actual Proposed % Increase Purpose FY2017 FY2018 (Decrease) General Operations General Fund 10,281,666 10,747,657 4.53% Capital Levy 310,000 75,000 -75.81% Arts Center Levy 250,000 250,000 0.00% Total General Operations 10,841,666 11,072,657 2.13% Total Debt Levy 2,103,366 3,149,223 49.72% Total Levy 12,945,032 14,221,880 9.86% Residential Property Tax Changes 7.8% of  homeowners, Decrease 16.41% of  homeowners,  Increase .1% ‐ 4.9% 38.19% of  homeowners,  Increase 5.0% ‐ 9.9% 17.76% of  homeowners, Increase  10.0% ‐ 14.9% 9.83% of  homeowners,  Increase 15.0% ‐ 19.9% 10.01% of  homeowners  Increase over 20.0% 11/30/2017 7 Residential Property Tax Changes Year Payable Decrease Increase .1% - 4.9% Increase 5.0% - 9.9% Increase 10.0% - 14.9% Increase 15.0% - 19.9% Increase over 20.0% 2018 7.80% 16.41% 38.19% 17.76% 9.83% 10.01% 2017 37.62% 32.28% 23.21% 6.20% 0.33% 0.36% 2016 14.28% 5.99% 15.62% 32.11% 17.78% 14.22% Impact on a Median Valued Home Year Payable Value Tax Rate Taxes Increase 2018 243,000 66.342% 1,446 150 2017 233,000 63.078% 1,296 90 2016 207,000 63.998% 1,206 63 2015 206,000 61.008% 1,143 128 2014 183,000 62.601% 1,015 3 * 5 Year Average is $87 11/30/2017 8 Where your taxes go 24‐hour police and fire protection Emergency medical service Street, sidewalk and trail maintenance and improvements Snow plowing Hopkins Activity Center Hopkins Center for the Arts Boulevard and forestry program Park maintenance and improvements Planning and economic development A publication of the Association of Minnesota Counties THE MARKET VALUE OF A PROPERTY MAY CHANGE. • Each parcel of property is assessed at least once every five years and a sales ratio study is done to determine if the property is assessed similarly to like properties. If not, the Commissioner of Revenue may issue an ‘order’ that would affect the taxable value of a parcel. • Additions and improvement made to a property generally increases its market value. THE MARKET VALUE OF OTHER PROPERTIES IN YOUR TAXING DISTRICT MAY CHANGE, SHIFTING TAXES FROM ONE PROPERTY TO ANOTHER. • If the market value of a property increases more or less than the average increase or decrease in a taxing district, the taxes on that property will also change. • New construction in a taxing district increases the tax base and will affect the district’s tax rate. THE STATE GENERAL PROPERTY TAX MAY CHANGE. • The state legislature directly applies a State General Property Tax to commercial/industrial and season/recreational property classes. Fourteen Reasons WHY PROPERTY TAXES VARY FROM YEAR TO YEAR A publication of the Association of Minnesota Counties THE CITY BUDGET AND LEVY MAY CHANGE. • Each year, cities review the needs and wants of their citizens and how to meet those needs and wants. This is called ‘discretionary spending’ in the city budget. Also included in the budget is non-discretionary spending which is required by state and federal mandates and court decisions and orders. THE TOWNSHIP BUDGET AND LEVY MAY CHANGE. • Each March, townships set the levy and budget for the next year. THE COUNTY BUDGET AND LEVY MAY CHANGE. • Each year, counties review the needs and wants of their citizens and how to meet those discretionary needs and wants. In addition, also included in the county budget is non- discretionary spending which is required by state and federal mandates and court decisions and orders. As much as sixty to eighty-five percent of the county expenditures are used to deliver mandated services. THE SCHOOL DISTRICT’S BUDGET AND LEVY MAY CHANGE. • The Legislature determines basic funding levels for K-12 education and mandates services that schools must perform. On average, approximately seventy percent of school costs are paid by the state. • Local school districts set levies for purposes including safe school and community education, etc. A SPECIAL DISTRICT’S BUDGET AND LEVY MAY CHANGE. • Special districts such as the Metropolitan Council, hospital districts, watershed districts, drainage districts, etc. set levies to balance their budgets. SPECIAL ASSESSMENTS MAY BE ADDED TO YOUR PROPERTY TAX BILL. • Water lines, curb and gutter, and street improvements that directly benefit your property may be funded, in whole or in part, through a special assessment that is added to your tax bill. A publication of the Association of Minnesota Counties VOTERS MAY HAVE APPROVED A SCHOOL, CITY/ TOWNSHIP, COUNTY, OR SPECIAL DISTRICT REFERENDUM. • Local referendums may be held for local government construction projects, excess operating levies for schools or many other purposes. • Referendum levies may be spread on the market value or the tax capacity of a property depending on process and type of referendum levy. FEDERAL AND STATE MANDATES MAY HAVE CHANGED. • Both the state and federal governments require local governments to provide certain services and follow certain rules. These mandates often require an increase in the cost and level of service delivery. AID AND REVENUE FROM THE STATE AND FEDERAL GOVERNMENTS MAY HAVE CHANGED. • Each year the state legislature reviews and adjusts the level of funding for a variety of aids provided to local governments including Local Government Aid and County Program Aid. The formulas for how aid is determined and distributed among local governments may have changed. • While direct aid and revenue from the federal government to local governments has declined greatly in recent years, federal revenue continues to be a key portion of the local government revenue stream and that revenue stream may have changed. THE STATE LEGISLATURE MAY HAVE CHANGED THE PORTION OF THE TAX BASE PAID BY DIFFERENT TYPES OF PROPERTIES. • A change in class rates will require a change in the tax rate to raise the same amount of money. OTHER STATE LAW CHANGES MAY ADJUST THE TAX BASE. • Fiscal disparities, personal property taxes on utility properties, limited market value, and tax increment financing are example of laws that affect property taxes. CATEGORICAL AID: Aid given to a local unit of government to be used only for a specific purpose. CIRCUIT BREAKER: See “Property Tax Refund.” CLASS RATES: The percent of market value set by state law that establishes the property’s tax capacity subject to the property tax. COUNTY PROGRAM AID: State property tax relief aid to counties, distributed with a formula based on needs (households on foodstamps, age of the population, number of serious crimes) and tax base equalization for counties with smaller tax bases. EDUCATION AID: The total amount of state dollars paid for K-12 education. This aid is paid to the school districts. FISCAL DISPARITIES: A program in the Twin Cities metropolitan area and on the iron range in which a portion of the commercial and industrial property value of each city and township is contributed to a tax base sharing pool. Each city and township then receives a distribution of property value from the pool based on market value and population in each city. GENERAL PURPOSE AID: Aid given to units of government to be used at their own discretion. Examples are Local Government Aid and County Program Aid. HIGHWAY AID: Motor fuels tax and license tab money the state distributes to counties, cities and townships for highways and bridges. HOMESTEAD: A residence occupied by the owner. INDIVIDUAL INCOME TAX: A state tax on the income of residents and non- residents with Minnesota sources of income that is deposited into the state general fund. LEVY: The imposition of a tax, associated with the property tax. LEVY LIMIT: The amount a local unit of government is permitted to levy for specific services under state law. LIMITED MARKET VALUE: A state imposed limit on property value increases for the purpose of calculating property taxes. LOCAL GOVERNMENT AID (LGA): A state government revenue sharing program for cities with low property wealth or high service burdens that is intended to provide an alternative to the property tax. LOCAL SALES TAX: A local tax, authorized by the state, levied on the sale of goods and services to be used for specific purposes by the local government. LOCAL TAX RATE: The tax rate usually expressed as a percentage of tax capacity, used to determine the property tax due on a property. MARKET VALUE: An assessor’s estimate of what property would be worth if it were sold. MARKET VALUE AGRICULTURE CREDIT: A state credit to reduce the property tax paid by agricultural homesteads to the local taxing jurisdiction. MARKET VALUE HOMESTEAD CREDIT: The Market Value Homestead Credit (MVHC) program was eliminated during the 2011 Special Session for taxes payable in 2012 and beyond. The credit was replaced with a market value exclusion (defined below). This guide describes the (MVHC) reimbursement program. The program was designed to provide state-paid property tax relief to owners of certain qualifying homestead property. MARKET VALUE HOMESTEAD EXCLUSION: The exclusion reduces the taxable value of qualifying homesteads. Despite the decreased taxable value, taxes will increase on most properties including apartments and businesses and is independent of any action taken by local governments. The exclusion provides for a portion of each home’s market value to be excluded from its value for property tax calculations. The amount of value excluded is directly proportional to the MVHC the home received under the old law. In this way, each home contributes a smaller amount to each taxing jurisdiction’s tax base. The tax rate tends to be a little higher because of the reduced tax base, which is why taxes increase for the other types of property. The tax burden on any given homestead could be lesser or greater depending upon the mix of properties in the jurisdiction and the level of the tax rate. PROPERTY TAX: A tax levied on any kind of property. PROPERTY TAX REFUND: A partial property tax refund program for those who have property taxes out of proportion with their income. This program is available to homeowners and renters. SALES RATIO STUDY: A study conducted by the Department of Revenue of open market property sales, which is then compared to local assessments to ensure that local assessments adequately reflect the market. STATE GENERAL PROPERTY TAX: A state-imposed property tax on commercial, industrial, and seasonal recreational properties. STATE SALES TAX: A state tax (6.5%) levied on the sale of goods and services that is deposited into the state general fund. TAX CAPACITY: The valuation of property based on market value and class rates, on which property taxes are determined. Revised October 2014 Glossary of Terms Association of Minnesota Counties 125 Charles Avenue Saint Paul, MN 55103-2108 Main Line/Switchboard: 651.224.3344 Fax: 651.224.6540 www.mncounties.org