12-13-1993 Council Minutes2 - Laserfiche WebLink

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MINUTES OF THE 1994 BUDGET HEARING CITY OF ORONO HELD DECEMBER 1, 1993 but a law that limited the amount the actual real estate taxes paid could increase in one year to 10%. This could be 12% now. If the taxes to be paid were over a 10% increase, there was a tax form available to apply for a refund. John Hedberg 4740 North Arm Drive West, commented that the market value on his home went up 6.3%. yet the Orono taxes went up 12.3% based on a relatively small increase in the budget and asked if there was an explanation. Mayor Callahan thought it may be related to the classification changes made by the State legislature. Jabbour adde^at originally homes valu^ at $0 - $72,000 were taxed at a rate of 1 %, from $72,000 - $115,000 at 2% and over $115,000 at 3% Since the third tier was eliminated, basically homes over $72,000 are taxed at 2%. This actually causes a double increase to those homes in the middle range. Tliey are asked to pay more from the City and they are absorbing the cost from the third tier. Doug Hickey requested copies of the overheads presented at the meeting. Mayor Callahan encouraged anyone with further questitms to contact the City Administrator. Hurr asked about the income vs. the budget at the golf course. City Administrator Moorse confirmed that in recent years, revenues have exceeded expenditures. The public hearing closed at 7:55 p.m. i/fS) COUNCIL ACTION Mayor Callalian announced that the 1994 budget and levy will be adopted at a meeting to be held on Monday, December 13, 1993 at 7:15 p.m. ADJOURNMENT The meeting was adjourned by Mayor Callahan at 7:55 p.m. Gabriel Jabbour. Chair ATTEST: Dorothv M. Hallin. City Clerk