HomeMy WebLinkAbout2004 [11] Nov 29
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November 29, 2004
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Pursuant to due call and notice thereof, the City Council for the City of St. Joseph met in special session
on Thursday, November 29, 2004 at 7:00 PM in the St. Joseph City Hall.
Members Present: Mayor Larry Hosch. Councilors Gary Utsch, AI Rassier, Dale Wick, Ross Rieke.
Administrator Judy Weyrens.
Others Present: Michael McDonald, Mary McDonald. '
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Hosch opened the pubiic hearing and stated the purpose of the hearing is to accept testimony on the
proposed 2005 General Fund Budget and Tax Levy. Hosch clarified that the Council at this time cannot
discuss the market value of specific property as that is handled annuaily through the Board of Review. IAt
this time Hosch turned the floor over to City Administrator Judy Weyrens. Weyrens presented the '
following budgetary information:
2004 2005 Percent Increase
Budget Budget <Decrease>
General Fund Budget $ 1,511,215 $ 1,612,381 8%
Tax Capacity Rate 46.632 45.051 < 1.581% >
Bond Indebtedness 489,591 418,513 15%
Michael McDonald of 213 - 1:1' Avenue SE questioned the proposed increase in tax as stated on the I
mailed notice he received from the Stearns County AuditorfTreasurer. Weyrens stated that the formula
for determining taxes payable is a combination of market value and tax rate. The tax rate is establishéd
by the total market value of the City and the total proposed levy. This number is then applied to the I
market value of each individual tax parcel within the City. If the market value had not changed betweEin
2004 and 2005, the taxes would have decreased by 1.581 %. i
Their being no one further wishing to testify the public hearing was closed at 7:10 PM.
Weyrens clarified that the Council cannot adopt a budget at this meeting. The adoption must occur at a
meeting not less than one day after the public hearing. Rassier commended the staff for the preparation
of the 2005 budget and stated in his opinion it was the best laid out budget he has worked on. Hosch:
concurred with Rassier.
Adiourn: Rassier made a motion to adjourn at 7:15 PM; seconded by Wick and passed
unanimously.
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