Centerville City Council Meeting 9/24/2026
22:18 Those all get combined into an individualized property tax notice that comes out, um, mid. And then every city, county, that school district is required to hold one of these meetings.Play from 22:18
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22:18 Those all get combined into an individualized property tax notice that comes out, um, mid. And then every city, county, that school district is required to hold one of these meetings.Play from 22:18
28:47 And we need to have more money funding it, this money will go first to that. The goal is to make it so that when we have an increasing debt service levy demand, we don’t have to increase the overall property tax levy to support that, while also achieving some of the short term needs that we have.Play from 28:47
8:39 So once I received that, I will update that number and then that will in turn hit the city tax rate as well. And then also the debt bond payment, the 2020 bond, And that is going to go down about 26,705,000.Play from 8:39
18:57 So starting with just a reminder, today, we are asking the council to approve the property tax levy and budget for 2027, as well as to consent to the EDA levy that we just spoke about.Play from 18:57
18:56 I can move resolution 2026-300 resolution ordering certification of unpaid utility charges pursuant to Minnesota statutes section 444.075 subdivision 3e and section 4443.29 for collection with payable 2027 property taxes as appears on page 7 of our packet.Play from 18:56
2:26:04 But general fund totals about two 28.1 million, which is a 7% increase over 2026. The property taxes remain the largest revenue source for the general fund and the largest service areas for expenditures are public safety and public works.Play from 2:26:04
55:31 And before I end, I also want to make sure residents are aware of Minnesota's property tax refund program, both homeowners and renters may qualify for a refund based on their individual circumstances.Play from 55:31
24:09 Our tax rate will still say in that range where I have, which is right around 60% or 60. So I don't anticipate a major change on that either, so I just want to make note of that, even though it's being spread across the same area in a way.Play from 24:09
5:44 Poundland just gave away $36 million, a 22% property tax break for the benefit of a trillion dollar corporation. residents and local businesses will make up that $36 million through higher property taxes.Play from 5:44
1:06:33 But can you just walk u through for for folks who are catching up through tose investments and what are some of the expected outcomes people want to know is again, they say keep my property taxes low keep us safe.Play from 1:06:33
1:25:40 Re primarily from receiving the first property tax payment from ceasar Go County. Our investments remain at 18.8 million, earning an average of 3.988%, although altogether, we have approximately 29.5 million in cash and investments…Play from 1:25:40
2:00:19 And because property taxes operate at a different speed. And they're not quite as responsive is it gives us the flexibility to ensure that we meet our mandated needs, but also just the needs we have to serve.Play from 2:00:19
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