October 15, 2019

Create a thriving business climate.

Develop fiscally sound financial policies and practices; communicate policies to community.

Create Strong Neighborhoods

Build inclusive community so all feel welcome

No levy limits

LGA allotment remained stable

New regulations specify the 5% retainage held on contracts must be paid out within 60 days of substantial completion with limited exceptions

Effective July 1, 2019, employees returning to work after discharge from military service may be eligible to purchase service credits and the city will pay to PERA the amounts that it would have contributed during the service period.

Taxes andspecial

assessments

Intergovernmental

Charges andfees Other Transfers in

2017 $8,768,617 $2,003,243 $1,871,515 $81,263 $445,475

2018 $9,538,651 $1,860,929 $1,794,578 $310,837 $434,049

2019 $9,786,749 $1,912,339 $1,948,469 $136,028 $458,860

2020 Proposed $10,467,301 $1,777,339 $2,007,212 $137,000 $474,258

 $‐

 $2,000,000

 $4,000,000

 $6,000,000

 $8,000,000

 $10,000,000

 $12,000,000

Generalgovernment

Public safetyCommunitydevelopmen

tPublic works Recreation Transfers

out

2017 $2,388,515 $6,504,811 $543,950 $2,356,329 $1,534,643 $3,186

2018 $2,293,113 $6,971,707 $565,172 $2,491,281 $1,529,781 $‐

2019 $2,055,507 $7,363,676 $647,469 $2,503,105 $1,672,688 $‐

2020 Proposed $2,146,913 $7,672,996 $724,587 $2,578,410 $1,740,204 $‐

 $‐

 $1,000,000

 $2,000,000

 $3,000,000

 $4,000,000

 $5,000,000

 $6,000,000

 $7,000,000

*Per capital costs based on the Metropolitan Council’s estimated population of    22,855 for the City of Crystal in 2016.

Major Revenue Changes Total Cost per capita*

Projected Property Tax $680,552  $29.78

COPS Grant ‐$120,000 ‐$5.25

DEED Grant for Cadets ‐$20,000 ‐$.88

Transfers $21,041 $.92

Police/Fire Pension Aid $17,000 $.74

Community Center $27,300 $1.19

Recreation $15,000 $.65

Special assessments ‐$20,000 ‐$.88

Pawn Shop transaction fees $5,000 $.22

Pool 6,100 $.27

Miscellaneous $8,672 $.38

Total $620,665 $27.16

Major Expenditure Changes Total Cost per capita*

Wage and Benefits $445,862 $19.51

Elections Staffing $114,475 $5.01

Professional Services ‐ Finance ‐$25,000 ‐$1.09

Administration – Service Contracts ‐$10,000 ‐$.44

Legal‐ Completion of Code Updates ‐$15,000 ‐$.66

West Metro Fire District $60,313 $2.64

Miscellaneous Increases  $50,015 $2.19

Total $620,665 $27.16

*Per capital costs based on the Metropolitan Council’s estimated population of    22,855 for the City of Crystal in 2016.

Fund 2017Actual

2018 Actual

2019 Budget

2020 Proposed

General Fund $8,657,000 $9,436,779 $9,716,249 $10,396,801

Pool Bonds Debt Service

212,000 ‐ ‐ ‐

EDA 277,200 277,200 282,744 288,399

Capital Improvement Funds

1,141,620 1,191,110 1,344,139 2,350,561

Total Tax Levy $10,075,820 $10,905,089 $11,343,139 $13,035,761*

*Preliminary levy of $13,334,761 to be reduced by $299,000 to reflect displayed levy of $13,035,761.

Fund 2017 2018  2019Levied

2020Proposed

Buildings $ 574,400 $574,400 $585,888 $1,320,221

Fleet ‐ ‐ 85,680 86,537

Information Technology ‐ ‐ 159,179 159,902

Police Equipment Revolving 137,400 151,900 154,938 208,037

Park Improvement ‐ ‐ $248,310 $358,914

NEW – Fire Equip. Revolving ‐ ‐ ‐ $100,000

PIR 266,220 301,210 ‐ ‐

Street Construction 163,600 163,600 110,144 116,950

Total Capital Levy $1,141,620 $1,191,110 $1,344,139 $2,350,561

Internal Service Funds

Capital levy increase is 5.53% of overall 9.03% increase to median valued home

Payable 2017

Payable 2018 

Payable 2019

Payable 2020

Tax Capacity $16,716,393 $18,459,975 $19,577,862 $22,426,399

TIF Captured Value (248,944) (212,599) (226,174) (278,074)

Fiscal Disparities Contribution (1,082,015) (1,079,088) (1,216,174) (1,297,703)

Net Tax Capacity $15,385,434 $17,168,288 $18,135,514 $20,850,622

Certified Levy (including EDA) 10,287,820 10,905,089 11,343,132 13,334,761

Value of Market Value Levies (489,200) ‐ ‐ ‐

Fiscal Disparities Distribution (2,267,618) (2,186,657) (2,251,066) (2,336,753)

Local Levy $7,531,002 $8,718,432 $9,092,066 $10,998,008

2017 2018 Payable 2019

Payable 2020

City Tax Rate 50.33% 50.44% 48.77% 51.31%

County Tax Rate 44.09 42.81 41.86   *41.86

School Tax Rate 31.61 31.96 30.18 *30.18

Other Tax Rate 10.21 9.05 8.55 *8.55

Total Tax Rate 136.27% 134.23% 129.36% 131.90%

* Rates are projected using 2019 actuals until 2020 information is available.

14.5% increase in tax capacity

2019 Market Value

of a Home

Taxable Market Value

2019 Actual

2020 Estimated

$ Increase

$163,523 $141,000 $707 $769 $62

$181,692 $160,800 $806 $877 $71

$201,880 $182,800 $916 $997 $80

$242,256 $226,800 $1,137 $1,237 $100

$290,707 $279,600 $1,402 $1,525 $123

$348,849 $343,000 $1,720 $1,870 $151

Based upon proposed increase in the city tax levy.

• Estimated increases are based on actual levy Council will be requested to approve in December. Actual levy is $299,000 than preliminary levy.

• Tax impacts may change slightly as more information becomes available

• Average value home will see 9.03% property tax increase

• Median home value growth estimated at 3%

State provides direct property tax relief to taxpayers

Homestead credit refund

Renter’s refund

Special property tax refund (referred to as the targeting program)

Senior Citizen Property Tax Deferral Program.

Contact MN Dept of Revenue 651-296-4444 or www.revenue.state.mn.us

Oct. 15 Work session to review utility rates and fees

Oct. 15 Adopt 2020 fee schedule and utility rates.

Oct.15 Truth in Taxation Public Input meeting.

Dec. 3 Review and adopt final 2020 property tax levy and 2020 budget.