Showing posts with label increased taxes. Show all posts
Showing posts with label increased taxes. Show all posts

Tuesday, November 18, 2008

Special Tax Assessment Hearing

Hearing on $2.8 million Street and Utility Improvements Tentatively set for Jan. 7, 2008
A public hearing to discuss the 2009 Street and Utility Improvement Project has to wait until next year, as the Centerville City Council unanimously decided Nov. 12 that it needs more information on the water improvement portion.
The hearing is tentatively set for Jan. 7.

A major issue to consider in the project — estimated to cost $2.8 million — is financing of the initial water main construction, as residents would not pay until they used the water. A city water enterprise fund would pay for initial water main extensions in developed areas, but costs wouldn’t be collected until after hook-up, according to City Administrator Dallas Larson.
The plan is a departure from the 2004 assessments and previous projects in which work was assessed at completion.
“We want to be fair to (those assessed in) 2004 and the others before, because they have already done their part,” said Mayor Mary Capra.
The council will meet Dec. 1 for a workshop to further discuss the project and Capra said further workshops might also be necessary.
“This will have a big impact on taxpayers and we have the responsibility to give it due diligence,” she said.
As for the 2009 Street Project as a whole, tax levy costs for all Centerville residents and commercial properties are estimated as follows, according to Larson.

The pay period would be 15 years per the project’s bond financing.
• Owners of a home with a market value of $250,000 would pay $152.54 annually.
• Owners of home with a market-value of $500,000 would pay $305 annually.
• Owners of a commercial property with a market value of $250,000 would pay $259.32 annually.
• Owners of a commercial property with a market value of $500,000 would pay $564.59 annually.
Projected costs have yet to be finalized, however, and Capra said the city might still pull or add roads to the project.
Full Story Here
Quad Press
Nicholas Backus
Tuesday, 11/18/2008

Monday, September 15, 2008

Increasing Taxes During an Economic Downturn is Suicide

Anoka County among hardest hit in housing crisis
The county's foreclosure rate was among the fastest growing in the metro region, and the prevention hot line is on the front lines.
By PAUL LEVY, Star Tribune
Anoka County has the highest rate of foreclosures in the metro area, according to 2007 statistics, with calls to a county foreclosure-prevention hot line having quadrupled in recent months.
"It's explosive, unbelievable, like a train wreck with people who have overextended themselves crashing against changing interest rates," said Jan Backlin, director of home ownership programs at Anoka County Community Action Program (ACCAP), which runs the hot line.
Full Story Here
Centerville Foreclosures
2005 ~7
2006 ~16
2007 ~21
2008 ~14 (Aug. 31)

Anoka County
2005 ~520
2006 ~849
2007 ~1,680
2008 ~1,622 and counting...
*Statistics From the Anoka County Community Development Dept
Current 9/15/2008

Minnesota Foreclosure Data
HousingLink is an independent, nonpartisan, Twin Cities-based organization that specializes in the collection and distribution of affordable housing information. HousingLink's data and information is utilized by various stakeholder groups including direct service providers, housing providers and policymakers within our service area. Because of the vast impact of the recent foreclosure crisis, HousingLink has undertaken several foreclosure data collection efforts through partnerships with other local organizations. These reports are located HERE

The Twin Cities Metro has a projected foreclosure rate of 19,936 in 2008 compared to 3,759 in 2005.
State Wide the foreclosure numbers are 28,282 for 2008 compared to 6,466 in 2005.
How many citizens will be forced out of their homes here in Centerville, due to the increased tax burden? Do the people making financial decisions for our city even care? Bring power back to the people with your vote on election day!
*2008 Foreclosures (Projected) numbers are based on first quarter 2008 actual foreclosure counts

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