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HomeMy WebLinkAboutNovember 30, 1993 Work SessionNOTICE OF OFFICIAL MEETING Notice is hereby given that an official meeting is to be held in the City of Columbia Heights as follows: Meeting of: MAYOR, CITY COUNCIL AND CITY MANAGER Date of Meefing~ TUESDAY, NOVEMBER 30, 1993 Time of Meeting. 7:00 PM Location of Meeting: CITY HALL CONFERENCE ROOM 590 40TH AVENUE NE Purpose of Meeting:. WORK SESSION 1994 Budget At the meeting, City staff will provide information on: ®Fiscal disparity and tax capacity changes ®Fund balance status and encumbrances ®Truth in Taxation Hearing information The City of Columbia Heights does not discriminate on the basis of disability in the admission or access to, or treatment or employment in, its services, programs, or activities. Upon request, accommodation will be provided to allow individuals with disabilities to participate in all City of Columbia Heights' services, programs, and activities. Auxiliary aids for handicapped persons are available upon request when the request is made at least 96 hours in advance. Please call the City Council Secretary at 782-2800, Extension 209, to make arrangements. (TDD/782-2806 for deaf only) MINNESOTA Department of Revenue Local' Government Services Mail Station 3340 Phone (612) 296-5145 St. Paul, MN 55146-3340 Fax (612) 297-2166 September 13, 1993 TO: Revised Comnlinnce Form The "Certification of Truth in Taxation - Taxes Payable 1994" form (LOS FORM TNT-94) that you received along with my letter dated June 18, 1993 is in error regarding .the adoption of your taxing authority's final property tax levy for the taxes payable year 1994. This form has your taxing authority adopting its final property tax levy at either its initial Truth in Taxation hearing or at its continuation hearing (it one is held). .This ,is wrone. Under ~e 199~ Tax Bill (Laws 1993, Chapter 375), your ---~J--'- taxing authority ~ust ad6pt its final r° - nY tax "w at i~ public hearin ~ .... P P~... , 8 _su . Enclosed is a revised LGS FORM TNT-94 which reflects the new requirements concerning the adoption of your taxing authority's final property tax levy. Please destroy the original LGS FORM TNT-94 that you received in June, 1993. HACA Deduction As mentioned in my letter dated June 21, 1993 concerning the requirements for public hearings on proposed property taxes for taxes payable in 1994, there has been a change in procedure for the deduction of homestead ~nd ~gricultural credit aid (HACA) from your property tax levy. Last year the county auditor deducted your taxing authority's HACA from the property tax levy that you certified for the taxes payable year 1993. This deduction was made proportionally from all of the separate fund levies of your taxing authority (unequalized levies in the case of school districts). An equal opportunity employer TDD: (612) 297-2196 To: Counties, School Districts, Cities, And MetroPOlitan Special Taxing Distdas Re: Revised Certification Of Compliance With Truth In Taxation Form (LGS Form Tnt-94) September 13, 1993 Page 2 Beginning with levy year 1993, the governing body of each county, school district, city, and metropolitan special taxing district must deduct its HACA prior 'to certifying its levy to the county auditor. The county auditor will no longer be deducting this aid from the levies that are certified. For counties, cities, and metropoUtan special taxing districts, at the governing body's option, HACA can be used entirely to reduce one levy purpose (such as a general fund levy) or can be used to reduce two or more levy purposes. Only net tax capacity based levies may be reduced by HACA. Market value based levies may not be reduced by HACA. The Department of Education's Levy Certification form provides for school districts to deduct their total HACA from their total net tax capacity based levy. The county auditor will then allocate the school district's HACA proportionally among the school district's various unequalized net tax capacity based levy purposes in the process of determining tax rates. At your taxing authority's Truth in Taxation meetings this fall, you should discuss this change in the HACA deduction and explain which levy purpose or levy purposes are being reduced by HACA for taxes payable in 1994. If you have any questions concerning this letter, please contact me. Sincerely, Robert Johnson, Research Analyst Local Government Services Division '~ E o o o r ~ m-- 0 ~ 0 ~ ~ ~'~ O~ ~ 0 o o 0 ~~~~~~ 0~0000~ 0000000000000000 ~~ ~ ~0 0000000000000000000000000008°00000000000 000000000000 0~00~0~0~000~0~000~00~0~ E E E E E E E E ~E E E E s m s ~m~mmmm~m~ vvv v v v