1. 2008 Proposed Levies & Unified Operating Budget Metropolitan Council August 8, 2007

2. 2 Budget Presentation  Overview – Tom Weaver  Levies & Regional Administration – Beth Widstrom-Anderson  Transportation Division – Brian Lamb & Arlene McCarthy  Environmental Services – Bill Moore  Community Development – Guy Peterson

3. 3 Council Mission Statement To develop, in cooperation with local communities, a comprehensive regional planning framework Focusing on transportation, wastewater, parks and aviation systems That guides the efficient growth of the metropolitan area The Council operates transit and wastewater services and administers housing and other grant programs

4. 4 Budget Principles & Assumptions  Maintain AAA Bond Rating  Hold property tax impact flat for tax payers  Maintain adequate reserves to mitigate risk  Improve service levels

5. 5 Significant Achievements  Staffing levels are down  Reduced exposure on retiree medical benefits  Property tax rates down significantly  AAA Bond Rating has been retained Since January 2003:

6. 6 Staffing Levels Full-Time Equivalents - FTE(s) Adopted BudgetProposed * * Includes Central Corridor and NorthStar Staff

7. 7 Retiree Medical Benefits Dollars in Millions Fully Funded

8. 8 Metropolitan Council Final Payable Property Tax Rates

9. 9 Proposed Unified Budget Summary Operating, Passthrough & Debt Service

10. 10 Proposed Levy vs. Limit

11. 11 Council Levy Amounts (in Millions) 71.778 1% Growth 72.067 Without Reduction of $1M 72.788 1% Growth w/o Reduction 71.067 to 72.788 Represents a 2.42% Increase

12. 12 Property Tax Levy Options

13. 13 Estimated Tax Impact of Regional Taxing District Levies Based on Levies as Proposed

14. 14 General Fund Summary Revenues and Expenditures

15. 15 General Fund Balances