File #: 2024-655   
Type: Policy Item Status: Passed
In control: Regional Railroad Authority
On agenda: 12/17/2024 Final action: 12/17/2024
Title: Approval of the 2025 Ramsey County Regional Railroad Authority Supplemental Budget and the 2025 Tax Levy
Sponsors: Public Works
Attachments: 1. 2025 Budget Addenda - RCRRA, 2. Resolution

                                                                                                         

Sponsor: Public Works

 

Title

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Approval of the 2025 Ramsey County Regional Railroad Authority Supplemental Budget and the 2025 Tax Levy

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Recommendation

recommendation

1.                     Approve and adopt the 2025 budget of $21,147,595 with all the changes noted in the attached budget addenda.

2.                     Approve and adopt the 2025 tax levy of $36,219,703, a 6.01% increase over the 2024 Ramsey County Regional Railroad Authority tax levy.

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Background and Rationale

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The proposed 2025 Ramsey County Regional Railroad Authority (RCRRA) budget is $21,147,595. The RCRRA certified a proposed maximum tax levy of $36,219,703 for 2025 on September 24, 2024, which represents an increase of 6.01% from 2024 and is the maximum allowed under state law.

 

                                                                                         RCRRA                                                                                                         2025 RCRRA

                                                                                    OPERATIONS                            CIP                                               TOTAL

 

Budget                                                                                    $14,897,595                                          $  6,250,000                                          $21,147,595

Revenues                     -                                          $  2,561,032                                          $                                                               $  2,561,032

Fund Balance                     +                                          $16,999,295                                          $                                                                       $16,999,295

Subtotal                                                               $29,335,858                                          $  6,250,000                                          $35,585,858

 

Estimated Tax

Delinquency                     +                                          $     522,522                                          $     111,323                                          $     633,845

 

Total Tax Levy                                          $29,858,380                                          $  6,361,323                                          $36,219,703

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County Goals (Check those advanced by Action)

       Well-being             Prosperity                 Opportunity                 Accountability

 

Racial Equity Impact

The 2025 RCRRA supplemental budget and tax levy allows the RCRRA to deliver projects that have a positive impact on users of all races and abilities. RCRRA transit projects are part of the Ramsey County All Abilities Transportation Network, whose policy is a commitment to creating and maintaining a transportation system that provides equitable access for all people regardless of race, ethnicity, age, gender, sexual orientation, health, education, abilities, and economics.

 

Community Participation Level and Impact

The development of the county’s transitway projects can be used as a model of highly effective, transparent, and creative community engagement to connect with and hear a range of different voices and perspectives for the projects. Community engagement is embedded into the process and occurs throughout the lifecycle of the projects.

 

There were two public hearings held to receive public testimony on the 2025 supplemental budget. One was on September 17, 2024 at the Saint Paul City Hall - Ramsey County Courthouse and the second was held on December 11, 2024 at the Hallie Q. Brown Community Center, 270 Kent St., Saint Paul, Minnesota.

 

The information on the 2025 proposed supplemental budget and proposed tax levy is available at:

<https://www.ramseycounty.us/your-government/budget-finance>

  Inform              Consult                                 Involve                      Collaborate        Empower                     

 

Fiscal Impact

RCRRA approval and adoption is required for the 2025 RCRRA supplemental budget and the 2025 RCRRA proposed tax levy. The amounts approved with this action are reflected in the 2025 proposed supplemental budget as presented to the Ramsey County Board.

 

 

Last Previous Action

On September 24, 2024, the Ramsey County Regional Railroad Authority approved setting the 2025 proposed maximum tax levy of $36,219,703 (Resolution R2024-017).

 

On September 17, 2024, the County Manager and service teams presented the 2025 supplemental budget and performance measures to the Budget Committee of the Whole.

 

On September 16, 2024, the County Manager and service teams presented the 2025 supplemental budget and performance measures to the Budget Committee of the Whole.

 

On August 27, 2024, the County Manager presented the 2025 supplemental budget and performance measures to the Board of Commissioners.

 

Attachments

1. 2025 Budget Addenda - RCRRA