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1995-12-11 CC Minutes TNT . . . ALBERTVILLE CITY COUNCIL TRU'l'H IN TAXATIOK HEARING Deceaber 11, 1995 Albertville City Hall 7:00 PM PRESENT: Mayor Mike Potter, Councilmembers Sharon Anderson, Duane Berning, John Vetsch and Curt Muyres, Ci ty Administrator Garrison Hale, and City Clerk-Treasurer Linda Houghton Mayor Potter called the Truth in Taxation Hearing for the City of Albertville to order. The purpose of the meeting is to discuss the proposed 1996 budget and the tax levy necessary to meet the budgetary needs. Mayor Pot ter expl ained that the net increase in taxes on properties within the City of Albertville is 5.995%. Increases varying from that percentage on the tax statements are the result of increased property values. The Council discussed changes in the 1996 budget department by department. The audience was invited to participate in the discussion and ask pertinent questions. Councilmember Muyres further explained that the 1996 budget is a "bare bones" budget and does not provide for financing capital improvements that the City needs to encourage more commercial and industrial growth. Muyres further explained that as the City continues to grow, more City services are required, resulting in increases in budget expendi tures. He told the audience not to expect that taxes will decrease in the future. Anderson made Hearing at 8:45 PM. a motion to adjourn the Truth in Taxation Muyres seconded the motion. All voted aye. A . 1/ Ih /1/tu4 ~ Michael Potter, Mayor ~~ " / . . / /"" . / ' L/ "/. x:.... <. . I .A . iC' , ;; ::; - - . ,. ~ '- /' tinda Houghton, Cletk