Where is the 5 percent increase in tax capacity expected to come from?

The projected 5 percent increase comes from valuation increases for residential, apartment, commercial and industrial valuations. The valuation date is January 2, 2021. It does not include any additions for redevelopment or decertified tax increment financing districts, any increases in those areas would be in addition to the current projected increase.  

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1. Please explain in detail why the city has $83.5 million in debt?
2. Please explain how the city will pay off outstanding debt? Will the City’s debt continue to rise?
3. How will Hopkins utilize the funding received from American Rescue Plan Act?
4. Where is the 5 percent increase in tax capacity expected to come from?
5. The city seemed to function fine after the budget was reduced in during 2020/2021. Provided we are still in a pandemic, why have the cuts been restored?
6. How do you model revenue around Tax Increment Financing projects to ensure there is sufficient revenue for increased demand on City services before the project is decertified?
7. Have you run current cost recovery models for inspection services like rental licensing or fire inspections in comparison to other metro area cities?
8. In order for Southwest Light Rail to be successful, people need to feel safe. How will the City ensure that people feel safe while riding? Will it be paid for by raising taxes? Should we ask busines
9. How do we engage the community more in the budget process?
10. What is the history behind the Fire Department responding to medical calls? They make up a large share of the work?
11. I would like more information on the amount of Tax Increment Financing (TIF) and its duration.