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12-06-2016 CCM Truth in Taxation HearingMINUTES CITY COUNCIL TRUTH IN TAXATION HEARING DECEMBER 6, 2016 CALL TO ORDER — 6:00 P.M. Members Present: Mayor Gary Forcier, Bill Arndt, Mary Christensen, Chad Czmowski and John Lofdahl Others present: Andy Reid, Finance Director, Matt Jaunich, City Administrator, and Marc Sebora, City Attorney 2. TRUTH IN TAXATION HEARING Mayor Forcier opened the hearing at 6:00 p.m. Matt Jaunich, City Administrator,presented before the Council. Mr. Jaunich explained the budget process the City has used to date. Four work sessions have been held over the past seven months. The Council adopted the preliminary budget and tax levy in September and last month truth in taxation notices were mailed to all City property owners. Mr. Jaunich explained the purpose for tonight's hearing is to enhance public participation in the property tax system by allowing a public forum to discuss the budget, discuss the proposed tax levy, explain the increases and hear public comments and questions on the budget and tax levy. If the hearing needs to be continued it will continued at the next Council meeting on December 13, 2016, and the final budget and tax levy is expected to be adopted by the Council on December 27, 2016. Mr. Jaunich briefly explained market valuations and how they relate to a property's tax. Mr. Jaunich also explained that the preliminary budget set in September showed a tax increase of 2.7% that included a deficit of $92,130. The revised budget has maintained the same 2.7% increase from September, however the City has adjusted its revenue projections and eliminated roughly $96,869 in expenses since its preliminary budget was adopted to eliminate the deficit. Hutchinson's 2016 average City tax rate ranked the second lowest in McLeod County and is the fourth highest among other outstate regional centers. Hutchinson is the lowest of all outstate regional centers for the poverty level, 5t highest of all outstate regional centers for median household income, 8t highest of all outstate regional centers for median home value and is the third lowest of all outstate regional centers in LGA payments. These statistics are amonF 19 outstate regional centers. Mr. Jaunich provided information on variables used in calculating local government aid and provided a brief overview on property taxation and homestead exclusion. Mr. Jaunich also provided an overview on the history of market values. Mr. Jaunich provided various reasons as to why property taxes may vary from year to year. Mr. Jaunich then reviewed the City's mission statement and six core areas of focus. Mr. Jaunich reviewed the proposed tax levies for 2017 which is a 2.7% increase for the City's portion and a 3.9% increase for the EDA and HRA levies, for a total increase of 2.8%. The proposed 2017 tax levy includes the second straight year of an increase in the general fund portion of the levy since 2011. The proposed 2017 tax levy includes the first year a 0% increase to the debt fund portion of the levy since 2013 and not expected to increase again until 2023. Compared to 2011, the City's total tax levy has increased by 9.3%. The average annual tax levy increase since 2011 has been 1.5%. The 2017 city tax levy accounts for a per capita tax of $491, up from $481 in 2016. Mr. Jaunich reviewed the general fund revenues and expenses. Mr. Jaunich explained that the general fund revenues include property taxes, other taxes, licenses &permits, intergovernmental revenue, charges for service, fines & forfeitures, miscellaneous revenue, transfers -in and fund balance. Mr. Jaunich also spoke about local government aid and the variables used in LGA calculations, such as: pre -1940 housing units, housing units 1940-1970, total housing units, household sizes, number of employees, peak population decline, sparsity adjustment and tax effort rate. Mr. Jaunich noted that additional facts on general fund revenues include: general fund revenues include a 4% tax levy increase, property taxes account for 39% of the general fund revenues, $444,000 increase in "charges for service" to account for new waterpark revenue, general fund revenues include a reduction of the transfer from the HUC in the amount of $111,733, City is increasing the LGA portion to the general fund by $137,500 to help offset the loss of HUC money, expecting most of the other revenue sources to remain relatively flat, minor changes in transfer -ins from enterprise funds and a 1% tax levy increase to the general fund is equivalent to $45,690. Total general fund expenses are comprised of wages & benefits, supplies, services & charges, miscellaneous expenses, transfers -out and capital outlay. Mr. Jaunich explained that wages & benefits increased 7.6% in 2017 and include performance and other annual adjustments and additional staff (aquatic center seasonal staff, new full-time waterpark/ ark maintenance position, new police officer, other changes/shifts). Wages & ben -fats account for 67% of general fund expenses and is the largest expense in the general fund. Operational & supplies for the aquatic center are included in the 2017 budget at $142,500. Inflation and other miscellaneous costs make up the additional increases. The 2017 budgeted expenses are balanced with revenues. Mr. Jaunich then reviewed the aquatic center budget which is forecasted at $444,000 in revenues and $423,596 in expenses. Mr. Jaunich then reviewed the enterprise funds — consisting of the liquor, compost, refuse, water, sewer and stormwater funds. All of these funds are cash flowing and are healthy funds. Mr. Jaunich noted that the Liquor Hutch and Creekside continue to do well and will contribute $610,000 to the general fund in 2017. This is the second straight year Creekside assumes a reduced production model focusing on higher margin products. There will be no increases ingarbage, water and sewer rates. All enterprise funds continue to have healthy fund balances and are borrowing against the refuse fund to help pay for the aquatic center. There will be a slight rate increase to stormwater rates of 3%. Transfers to the general fund from the enterprise funds will be at $785,000 in 2017 which is up 8.1% from the $726,290 budgeted for in 2016. Mr. Jaunich reviewed the 2017 capital improvement plan and debt management plan. Major capital items included in the capital plan are: completion of the aquatic center/rec center upgrades, Roberts Road/School Road/South Grade Road and trail improvement projects, south central trunk storm sewer project, capital upgrades to Creekside and wastewater plant and various equipment/fleet vehicle replacements and facility upgrades. The debt management plan has a target debt levy at $2.6 million. The 2004 debt payment of $436,450 has its last payment this year. After a 1% debt levy increase in 2016, the debt plan won't need another debt levy increase until 2023. The 2023 tax levy will be a 1.5% increase. Years 2024 to 2032 will see an average increase of 1.7%. The plan includes financing for heavy equipment in 2017-2021. The plan moves annual project costs from $1.5 million to $1.9 million. The plan moves the annual debt limit from $2.2 million to $2.6 million. Mr. Jaunich noted that the three main factors behind the levy increase are that the general wage and benefit increases are expected to cost $121,200; new positions and salary adjustments not associated with the aquatic center are expected to cost $176,182, and a loss of $111,733 in HUC's PILOT payment. Mr. Jaunich lastly noted that there are no significant staffing cuts and/or changes in service. The new aquatic center has been included in the 2017 budget. Staffing costs and capital needs are the biggest "driver" of the City's budget. Fund balances continue to remain high and the fiscal condition of the City is healthy. The State's budget forecasts continues to remain good and there shouldn't be any fiscal restraints at the State that would impact the City. Home values are increasing and the local economy appears to be improving from the recession years. Motion by Lofdahl, second by Christensen, to close public hearing at 7:25 P.M. Motion carried unanimously. There were a couple of comments from the public in attendance throughout the presentation put on by Mr. Jaunich. 3. ADJOURN Following the public hearing, the meeting was adjourned. ATTEST: Gary T. Forcier Mayor Matthew Jaunich City Administrator