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From YouTube: September 21, 2016 Board of Estimate & Taxation
Description
BOARD OF ESTIMATE & TAXATION
A
C
A
B
A
B
Basically,
this
is
what
shows
up
online
when
our
taxpayer
goes
and
puts
their
return
address
into
the
property
tax
system.
You'll
see
the
city
in
Minneapolis
are
right,
there
on
dollar
amount
and
that's
the
tax
capacity
rate
for
what
we
will
refer
to
generally
as
the
city
taxes
under
the
tax
capacity
item
down
the
bottom
you'll
see
it
says
no
school
voter-approved
referendum
lobby,
that's
the
market
value
levy
for
the
library
referendum
dollars.
So
that's
a
Minneapolis
levy,
that's
perla,
mayor's
budget.
B
Also
part
of
the
mayor's
budget
is
our
annual
contribution
that
the
Teachers
Retirement
Association
of
love
you
about
2.3
million
that
shows
up
under
other
tax
special
taxing
districts.
That's
not
the
whole
line
that
just
a
portion
of
it.
You
can
see
for
this
homeowner,
it's
about
ten
percent
of
that.
B
That
is
even
a
different
presentation
under
the
city.
Minneapolis
will
be
a
park
board
line
that
includes
the
two
part
where
our
levies
then
there'll
be
a
balance
of
the
city
that
includes
all
the
levees
in
the
city,
except
for
the
teachers,
retirement
thing
and
the
park
for
deliveries,
then
down
near
the
bottom
of
the
napa
county
statement
is
other
special
taxing
districts,
which
the
tre
levy
is
part
of
that
on
the
hand
of
accounting
statements
it
gives
the
actual
for
the
previous
year
and
the
proposed
for
the
2017.
B
It
does
not
give
the
dollar
amount
of
the
change
or
the
percentage
in
change,
except
at
the
total
bottom
line,
and
that
so,
if
you
were
a
taxpayer,
you'd
basically
have
to
go
through
line
item
by
line
item
under
your
own
calculations.
With
regards
to
what
was
happening,
you
just
keep
the
taxing
districts.
B
Now,
in
the
mayor's
budget
for
2017,
the
library
referendum
is
9.3
the
same
as
it
is
in
2016.
This
is
a
market
value
based
referendum
and
our
valuation
has
gone
up
about
nine
point.
Four
percent,
the
levy
rate
for
this
will
go
down.
Eight
point:
six
percent,
the
market
value
levies
are
spread
on
market
value
and
they
do
not
have
any
a
homestead
exclusion
in
there,
so
I
homestead
or
a
non-home
set
of
property
or
property
over
four
hundred
and
thirteen
thousand.
B
When
the
exclusion
runs
off,
they
all
pay
the
same
rate
and
that,
unlike
on
the
tax
capacity
rates
for
2017,
the
levies
we
refer
to
as
the
city's
levies,
excluding
a
special
levee
district
for
the
TRA,
the
pace,
2017
estimated
rate
will
be
61.1.
92,
that's
down
one
point,
two:
four:
five
and
twenty
sixteen
or
down
the
box.
My
two
points,
2
percentage
points
in
rate
and
they're
over
in
1
c-ya.
B
We
have
the
estimated
market
values
for
pay,
2017
broken
off
by
various
categories.
These
are
market
values
and
it
shows
the
percentage
of
properties
in
each
bracket
and
the
cumulative
percentage,
whether
you
go
up
or
down,
depending
on,
if
you're
on
the
far
left
or
the
far
right.
Basically,
the
top
line
is
homes
less
than
100,000,
there's
3228
of
them.
That's
about
six
point,
two:
four
percent
of
the
total
properties.
B
These
fifty
1770
parcels
are
all
residential,
homesteaded
parcels
that
have
not
had
value
improvements
done
to
them
in
the
last
four
years.
So,
if
you
look
at
a
2013
value
at
2017
value,
it's
all
driven
by
the
market,
it's
not
driven
by
some
homeowners
that
made
a
you
know:
twenty-thousand-dollar
improvement
in
your
home
and
now
so
those
are
the
increases.
Are
the
estimated
market
values
down
at
the
bottom?
It
says
the
main
market
values
for
2013
in
the
middle
is
the
difference
and
you
can
see
from
2013-2017.
B
B
Approximately
seventeen
percent
of
the
total
properties
stayed
flat
or
had
decreases,
while
the
other
eighty-three
percent
had
increases.
So
the
vast
majority
of
the
homes
will
be
going
up.
There's
a
two
and
a
half
to
five
percent
bracket
with
16,000
homes,
there's
a
five
percent
27,
a
half
bracket
with
20,000
homes,
suddenly
half
to
ten
percent
with.
Oh,
you
know
10,000
home
nineteen
percent
twenty
percent,
so
you
can
see
the
taxable
the
values
are
going
up
on
the
bottom.
B
B
In
fact,
the
mayor's
proposal
dampening
increases
because
the
rates
lower
for
p17
compared
to
pay
18
now
I
have
provided
in
the
packet
a
draft
resolution
for
compliance
that
is
based
on
the
mayor's
budget
proposal.
On
with
two
minor
adjustments,
I
added
a
hundred
and
five
hours
of
the
general
fund
to
get
an
even
thousand
our
number
and
I
deleted
three
hundred
dollars
from
the
embassy
to
get
an
even
thousand
dollar
number.
B
So
staff
has
prepared
to
draft
resolutions,
but
they're
also
in
your
packet,
although
wasn't
asked
for,
is
a
big
long
sheet
at
the
end
and
it's
titled
park
board
$15
minimum
wage
tax
capacity
base
levy
impacts.
So
if
someone
asked
me
well,
if
the
park
board
$15
minimum
wage
proposal,
that
was
addressed
the
b.e.t
in
their
resolution,
what
would
be
the
impact
on
a
home
on
the
far
left
is
the
homes
that
starting
at
eighty
thousand
dollars,
if
that
home,
had
no
value
increase?
That
basically
would
cost
that
home
a
dollar
85.
B
You
can
download
the
bottom
of
the
first
page
that
$500,000
home
with
no
leverage
no
increase
in
value,
which
is
that
I
rarity
here
is
eighteen
dollars
have
been
increased
on
the
far
right
hand,
five
percent,
it
would
be
twenty
dollars
approximately
and
if
it
increased
on
a
12
and
a
half
percent,
it
would
be
about
$21.
So
that's
impact
arm
in
case
someone
was
asking,
although
no
one
has
asked
basically
so
that
concludes
the
that
presentation,
with
the
draft
resolutions
and
all
and
we'll
try
to
answer
any
questions.
A
D
Aren't
you
a
question
you,
you
know
all
these
materials
I
had
not
seen
them
till
just
now
and
we
were
jumping
all
over
and
one
of
the
things
that
would
help
in
the
future.
I
can
digest
it
if
I
see
it
ahead
of
time,
but
what
I
would
really
appreciate
would
be
that
we
label
things
very
clearly
document
a
document
beam
and
then
we
refer
to
it
that
way.
I
was
jumping
all
around
trying
to
follow
you
jack,
and
that
was
hard
for
me
to
do
so.
B
D
B
Understand
that,
oh
then
I
think
the
important
point
to
realize
is
the
total
levy
from
the
city
that,
from
the
taxpayer
perspective,
it's
comprised
of
two
components:
the
market
value
component,
which
is
relatively
small,
which
is
going
down
by
eight
point.
Six
percent
soy,
since
that's
based
on
true.
D
B
Value,
okay,
our
home
would
have
to
have
an
increased
in
market
value
of
above
eight
point:
six
percent
to
have
their
market
value
levy
increase.
Now
that's
9.3
million.
All
of
the
whole
package.
The
vast
majority
is
in
the
tax
capacity
side.
Even
there
the
rate
is
going
down
by
about
two
percent,
but
as
homes
we
can
see
based
on
the
distribution.
The
homes
are
increasing
in
value
driven
by
the
market,
and
the
vast
majority
of
the
homes
are
increasing
over
two
and
a
half
percent.
B
Also
homes
in
the
eighty
thousand
to
four
hundred
thirteen
thousand
bracket
have
what's
called
this
market
exclusion,
which
lowers
our
taxable
value
now
as
a
home,
increases
in
value
that
exclusion
goes
down
so
that
home
is
hit
with
not
only
a
market
value
increase
their
hit
with
a
decrease
in
the
market,
value
exclusion,
homes
above
or
thirteen
have
no
market
value
exclusion.
So
there's
don't
have
a
secondary
factor.
B
It's
all
driven
by
the
value
changes
homes
over
half
a
million
dollars
in
value
any
value
over
a
half
million
is
at
attack
capacity
rate
for
evaluation
purposes
at
one
and
a
quarter
percent
under
half
a
million.
That's
one
percent,
so
the
higher
value
homes
for
a
same
percentage
increase
get
a
slightly
larger
impact
because
of
that
one
on
a
quarter
percent.
B
It's
ironic,
though,
as
you
go
higher
from
500,000
a
700,000
two
million,
as
that
percentage
goes
on,
the
market
value
goes
up,
but
as
a
percentage
of
the
tax
that
they
paid
the
preview
sure
it
goes
slightly
down
because
it
appealed
higher
taxa
preview.
Here,
that's
growing,
but
the
important
thing
to
do.
I
think
from
a
policy
standpoint
here
is,
is
the
mayor's
proposed
the
budget?
A
D
D
What's
going
on
the
better,
what
they
pay
attention
to
is
the
actual
taxes
they're
going
to
pay
and
and
I
know.
We've
got
to
be
about
some
of
the
finer
policy
stuff,
but
the
better
job
we
can
do
of
explaining.
Why
there's
going
to
be
a
change
and
being
transparent
with
people
the
better
off
we
are,
and
my
my
only
concern
is
that,
instead
of
giving
them
far
too
much
information
to
pull
together,
we
can
we
can
provide
this
information.
It
can
be
available
for
them
to
download
they
can
be
on
our
website.
D
B
That's
why
we
are
trying
to
show
you
that
kind
of
what
I
see
is
the
disconnect
between
the
truth
in
taxation
statement.
The
property
tax
statement
is
available
online
and
in
order
I
have
the
county
property
tax
statement
and
in
our
presentation
that
we
do
in
the
budget
books
in
I
mean
it's
hard
across
park
between
the
three
of
them
and
I.
For
an
average
citizen,
I
mean
it
is,
and.
B
A
B
B
D
B
E
Thank
you
very
much,
madam
chair
I
would,
and
thank
you
everybody
for
consideration
tonight
in
this
body.
I
appreciate
it.
As
always.
The
proposal
that
I
brought
forth
is
grounded
in
certain
budget
principles,
fiscal
management
principles,
ongoing
needs
with
ongoing
revenues
and
one-time
needs
with
one-time
dollars
in
the
budget
that
I
proposed,
which
has,
of
course,
an
implication
for
tax
policy
and
and
what
we
need
to
do
with
the
levy
it
looked.
E
You
know
we
do
a
five
year
financial
direction
every
year
that
includes
proposed
tax
policy
if
based
on
the
2016
adopted
budget
and
five
year
financial
direction.
Just
to
do
the
cost
of
current
service
levels
and
inflation,
we
planned
to
increase
the
property
tax
levy
by
three
point:
seven:
five
percent
in
2017.
Those
were
numbers
that
we
put
out
there
as
we
do
every
year
on
the
information
we
have
at
the
time.
E
Knowing
that,
as
we
get
more
information
in
the
future,
there
will
be
adjustments
made
now
in
May,
there
was
a
you
know:
we
talked
about
it
here.
We
talked
about
it.
Lots
of
places,
the
historic
parks
and
streets
agreement
in
may
increase
the
baseline
levy
for
2017
from
three
point:
seven:
five
percent
of
four
point:
nine
percent-
in
other
words,
you
know
the
the
city
and
the
parks
agreed
together
that
to
fund
this.
E
There
was
an
agreement
that
a
four
point:
nine
percent
levy-
would
be
necessary
as
the
baseline
for
2017
now
I
I
mentioned
in
my
speech,
and
we
can
talk
further
about
it-
that
there
are
a
number
of
investments
that
I
proposed
in
this
budget.
I
won't
detail
them
here
tonight
because
we're
here
to
talk
about
tax
policy
but
I'm
happy
to
answer
any
questions.
Folks
have
but
I
want
to
note
that
more
than
seventy
percent
of
the
new
ongoing
investments,
not
the
one-time
investments,
but
the
ongoing
investments
in
my
recommended
budget
are
for
Public
Safety.
E
You
know,
collaborative
interventions
for
public
safety
are
a
big
driver
of
that
of
those
dollars.
So
I
also
made
significant
cut
strategic
cuts
of
nearly
2.7
million
dollars
in
the
budget
in
order
to
fund
the
work
that
we
need
to
do,
and
you
know
to
make
sure
that
we
were
funding
things
that
are
priorities
now.
2
million
of
those
came
from
lower
than
anticipated
cost
for
providing
health
care
for
our
employees.
Now.
D
E
You
characterize
that
as
a
cut
or
savings
makes
no
difference
to
me.
I
characterize
it
as
a
cut
because
up
until
now,
departments,
knowing
that
their
health
care
costs
were
going
to
be
lower,
we're
using
those
additional
dollars
for
things
inside
the
department,
so
departments
experience
it
as
a
cut,
even
though
it
is
a
savings
on
health
care
departments.
Experience
as
a
cut
and
out
of
respect
to
our
employees,
I
wanted
to
characterize
it
that
way,
but
call
it
call
it
a
cut
call.
E
That
combination
the
four
point:
nine
percent
that
we
agreed
to
as
the
baseline,
coupled
with
the
nearly
2.7
million
dollars
in
cuts,
coupled
with
increased
ongoing
expenditures,
which
is
what
is
relevant
for
a
levy.
The
one
times
are
a
different
question:
seventy
percent
of
which
that
new
spending
is
for
public
safety
led
me
to
5.5
recommended
proposed
increase
to
the
property
tax
levy.
Now.
D
E
A
point:
six
percent
increment
over
the
anticipated
baseline
levy
increase
of
four
point:
nine
percent.
It
pays
for
a
portion
not
all
of
the
public
safety
investments
that
I
recommend
that
I
proposed
in
the
budget.
I
will
also
note
that,
were
the
legislature
to
pass
a
tax
bill
that
the
governor
could
sign
in
there
would
be
more
LGA
as
proposed
and
at
what
was
in
the
bill,
was
more
LGA
for
the
city
of
minneapolis,
and
that
would
cover
almost
all
of
this
point.
E
Six
percent
increment
over
the
four
point-
nine
percent-
and
if
the
legislature
were
to
pass
that
bill
anytime
between
now
and
the
time
that
the
council
adopts
the
final
levy,
I
would
recommend
that
we
apply
our
share
of
that
LGA
to
reducing
the
levy.
But
in
the
absence
of
those
dollars
and
in
the
needs
that
we
have
in
the
city,
I
propose
a
five
point:
five
percent
levy
increase,
you
know
the
average
jack
or
finance
staff
can
tell
us.
E
E
I
think
the
average
is
about
a
$25
difference
somewhere
in
that
range
marks
nodding
his
head,
but
it
makes
a
huge
difference
to
the
city
and
our
ability
to
do
the
kinds
of
policing
that
we
want
to
do
and
the
kinds
of
community
collaborative
public
safety
strategies
that
we
want
to
you
community-led
strategies
for
public
safety
and
and
and
what
they
can
do
in
the
community.
So
those
are
that's
the
rationale
behind
the
tax
policy
that
I
recommended
in
my
proposed
budget.
E
It
is
behind
the
five
point:
five
percent
that
is
in
front
of
you
today
and
I,
am
asking
you,
as
my
colleagues
to
adopt
a
five
point:
five
percent
maximum
levy
increase
for
2017.
One
additional
note:
this
does
accommodate
the
requests
as
I've
done
every
year
since
I've
been
mayor.
Listening
to
what
the
park
board
has
brought
forward,
what
the
park
board
has
requested.
E
It
does
accommodate
that
not
to
the
additional
level
regarding
the
minimum
potential
minimum
wage
increase,
but
to
the
original
estimate
of
what
the
cost
would
be
and
what
the
what
the
parks
wanted
to
do.
Keeping
in
mind
the
again
the
historic
agreement
with
the
parks
to
do
the
parks
and
streets
work,
but
it
does
account
for
what
the
parks
asked
for
and
with.
C
A
F
Remember
asking
about
that
dollar
amount
and
it
was
two
million
dollars.
So
I
I
will
characterize
that
as
I
speak
as
a
savings
Public
Works.
Certainly
if
they
you
know,
if
gas
went
down
a
dollar
a
gallon
and
they
had
budgeted
for
4x
gas
costing
three
dollars
a
gallon
and
only
cost
two
dollars
gal
and
it's
not
a
cut.
F
If
they
spend
less
it's
a
savings,
and
so
those
savings
that
were
involved
in
the
new
contract
with
medica
been
sitting
in
the
city's
budget,
either
for
two
years
or
three
years,
I
can't
remember
which,
but
anyway,
I'm
glad
we're
realizing
them
being
more
realistic
about
our
spending
and
I'll,
be
looking
at
thirty
percent
of
the
budget
that
is
non
public
safety.
I
appreciate
the
mayor's
investment
recommendation
for
investment
in
public
safety.
I
think
it's
very,
very
needed.
I
think
we're
hearing
from
citizens
that
that
is
a
huge
priority
across
the
city.
F
F
up
to
half
staff
brief
me
about
where
we're
putting
new
dollars
in
what
our
existing
programs
are,
what
kind
of
results
were
getting
from
those
programs
and
then
also
where
the
FTE
counts
are
being
spent,
and
my
understanding
is
that
we
have
uptick
in
public
works
because
of
the
added
investment
in
the
roads
program
which
I'm
glad
to
support
as
well,
but
I
do
want
to
understand
where
all
these
new
positions
are
in
the
city's
budget.
Thank
you
all.
G
Thank
you,
madam
chair
I.
I
just
wanted
to
begin
by
saying,
of
course,
I'm
very
supportive
of
this
levy,
increase
recommendation
and
we'll
be
supporting
it
today.
I
just
wanted
to
mention
in
addition
to
what
the
mayor
has
outlined,
is
the
reasons
why
this
levy
is
in
place
and
and
how
we
got
to
these
numbers.
It's
also
wanted
to
say
it
really
reflects
the
work
over
the
last
two
or
three
years
often
referred
to
it
in
at
this
body
as
right
sizing
the
budget.
We
really
looked
at
how
we're
looking
at
expenses.
G
Are
we
projecting
them
appropriately?
What
are
we
looking
at
our
various
income
streams
from?
Are
they
being
realistic
in
those
projections,
and
the
result
of
those
has
really
taken
away
some
degrees
of
freedom
from
our
budgeting?
Some
of
that
flexibility
is
gone
because
we
use
them
on
one-time
basis.
It's
planned.
G
It's
it's
discipline,
it's
a
appropriate
to
be
doing
that,
and,
as
a
result
of
that,
we've
bed
planned
fund
balances
where
we've
had
them
in
place
really
drawn
down
on
plan,
accomplishing
the
goals
that
the
city
has
had
through
its
budgeting
process
and
its
priority
based
approach.
So
I
just
wanted
to
echo
the
the
mayor
statements
and
support
of
the
five
point.
Five
percent
levy
recommended
levy
adjustment,
but
also
wanted
to
acknowledge
that
this
number,
I
believe,
is
as
lean
as
possible
until
the
state
legislature
can
provide
some
more
property
tax
relief
for
our
taxpayers.
C
C
I
appreciate
very
much
council
president
johnson's
work,
as
well
as
the
mayor's
work
in
making
this
sort
of
a
historic
agreement
and
I
know
that
fully
one
percent
of
the
increase
is
a
result
of
of
making
sure
that
our
parks
will
continue
to
be
the
kinds
of
places
that
we
all
know
and
love
and
I.
Think
that
is
very
much
worth
it.
So
I
know
that
we
are
a
very
large
part
of
this
budget
and
I
very,
very
much
appreciate
that
and
I
think
all
of
the
citizens
of
Minneapolis
do
as
well
so
again.
D
It
is
so
rare
in
the
political
world
for
people
to
think
beyond
a
year
or
two,
but
this
is
a
long-term
investment
for
the
infrastructure
of
our
city,
the
human
infrastructure
that
the
parts
I
mean
it's
physical
stuff,
but
it's
for
human
stuff
and
the
streets.
It's
it's!
It's
fantastic!
We're
taking
a
big
step
forward,
we're
asking
people
to
come
along
with
us.
That's
why
I
support
and
why
we
all
seem
to
be
supporting
the
five
point.
D
Five
percent
levy
increase-
and
I
just
I'm
grateful
for
the
leadership
of
so
many
city
leaders,
and
so
many
community
people
and
I'm
really
looking
forward
to
seeing
great
things
happen
in
the
many
years
to
come
it.
So
in
my
retirement
years,
which
will
be
what
15
20
years
from
now
ten
years,
who
knows
maybe
5
I'll
be
able
to
enjoy
all
the
stuff
that
has
happened
because
of
the
leadership
that
people
who
are
here
have
done
this
year
and
I'm
grateful.
I.
A
Will
also
be
supporting
this.
I
will
say
that
for
the
last
probably
four
or
five
years,
I
have
not
voted
for
the
proposed
levy,
because
I
thought
we
were
not
investing
enough
in
our
parks
in
an
hour,
sweets
and
because
of
the
historic
agreement
and
because
the
work
of
the
people
here,
the
mayor,
President,
Johnson
or
remember,
tab
some
of
come
from
Quincy
and
the
staff,
the
finance
staff,
our
staff.
Mr.
A
quali
people
worked,
and
we
now
the
plan
and
we're
now
watching
that
plan
come
to
fruition
and
I
am
a
static
about
this,
about
the
investments
we're
going
to
make
it
our
city,
I,
hope
I
do
agree
with
councilmember
Johnson,
though
I
hope
you
do
look
at
it
again
and
see
what
you
can
also
still
squeeze
out
of
it.
But
I'm
isn't
ecstatic
to
a
support
this
anesthetic
to
support
this
agreement
to
invest
in
our
city,
so
that
anyone
else
want
to
speak
right.
D
B
G
You,
madam
chair,
just
a
quick
announcement
for
the
viewing
audience
as
well
as
for
staff
assembled
here,
just
wanted
to
remind
people
that
the
official
budget
hearing
fall
kicks
off
tomorrow
morning
and
we'll
be
having
a
series
of
29
of
the
different
budget
presentation
meetings
over
the
next
several
months,
looking
forward
to
a
smooth,
happy
adoption
of
a
final
budget
mid-december.
So
that
begins
tomorrow
at
nine
o'clock
and.
G
It'll
be
the
ways
and
means,
and
budget
subcommittee
is
broadcast.
All
members
of
the
City
Council
I,
remember
members
of
that
committee
and
it
will
be
broadcast
as
part
of
a
regular
schedule
as
well
as
available
online,
for
the
records
portion
of
it
will
make
sure
that
all
the
documentation
that's
being
presented
is
available
as
quickly
as
possible.
That
day,
as
well
as
the
links
to
the
comcast
and
centurylink
broadcasts,
people.