Rochester City Council Sets Cap on Tax Levy Increase
Rochester, MN (KROC-AM News)- The Rochester City Council set the maximum property tax levy increase Monday night.
Council members unanimously approved to cap the tax levy increase at 6.85%, which would be an increase of about $4.3 million from this year’s spending blueprint. The preliminary budget for next year is currently around $588 million.
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That figure includes $202 million in capital expenditures and the $227 million budget for Rochester Public Utilities. The proposed general fund budget for next year is about $105.5 million.
Monday night’s vote doesn’t guarantee a 6.85% property tax levy increase. The council can vote to lower the proposed levy increase before it has to finalize the budget in December.
The City Council has scheduled a public hearing on December 5th to hear citizens' comments and suggestions on the proposed budget and property tax levy. The Olmsted County Board and Rochester School Board are scheduled to set their preliminary property tax levies during meetings on Tuesday.