HomeMy WebLinkAbout6.g. Letter Declining the Payable Year 2001 Transit Tax Levy By the City of RosemoungCITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: June 6, 2000
AGENDA ITEM: Letter Declining the Payable Year 2001
Transit Tax Levy By the City of Rosemount
AGENDA SECTION:
Consent
PREPARED BY: Jeff May, Finance Director
AGENDA 6 G
ATTACHMENTS: Letter and Worksheet from Department of
APPROVED BY:
Revenue; Letter from City Declining to Levy for Transit Tax in
2000 Payable Year 2001
Attached for your review is a letter from the Department of Revenue concerning the transit tax levy
with a worksheet that calculates the amount that the City of Rosemount can levy in 2000 for the year
2001. As you may recall, the City had the opportunity to certify a similar amount to be levied for the
years 1997 through 2000. We were the only MVTA city that did not levy the tax for 1997, 1998,
1999 and 2000. We chose to have the Met Council handle our share of the MVTA costs as it always
had in the past without negatively affecting our City's property tax rate. Staff is confident that the
decision that we have made has had no adverse affect on our bus services and did not affect our tax
rates either.
Based on the information in the attached letter we seem to have two options: (1) Do nothing which
will mean that we will not levy a transit tax and continue on the way we always have; or (2) take
action to certify the amount included with the worksheet attached for a transit tax levy that will
increase the City's overall tax rate.
It is staff's recommendation that we proceed with option (1) and continue on as we always have.
RECOMMENDED ACTION:
Authorize staff to send letter to the Minnesota Department of Revenue declining to levy a transit
tax in 2000 under the transit services local levy option for the taxes payable year 2001.
COUNCIL ACTION: