Mayor Hodges' Levy to Invest in 21st-Century Transformation of Minneapolis Adopted by Tax Board
City taxes for two-thirds of homeowners will go down
September 21, 2015 (MINNEAPOLIS) — The Board of Estimate and Taxation today ratified Mayor Betsy Hodges 3.4 percent proposed levy increase.
To maintain current services and account for inflation in 2016, a 4.4 percent increase in property taxes would have been required. However, Mayor Hodges was able to propose a 3.4 percent increase to the levy, due to ongoing strategic cuts and right-sizing in the budget she proposed to the City Council.
With this tax and budget policy in Mayor Hodges’ proposed budget, two-thirds of Minneapolis homeowners will actually see the City portion of their property taxes go down.
“This tax policy is an important tool in the transformation of Minneapolis into a leading 21st-century city,” said Mayor Betsy Hodges. “The property-tax levy will go toward investments in public safety, affordable housing, sustainability, improving the basic services the City provides, and growing our overall economy. Our strategic approach to ongoing cuts and the right-sizing of department budgets allows both for this investment and for City taxes to go down for two-thirds of Minneapolis homeowners.”
Read more about the Mayor’s proposed budget here.
City Council President Barbara Johnson, directly-elected member David Wheeler, directly-elected Board President Anita Tabb, and City Council Ways Means/Budget Committee Chair John Quincy voted for the levy. Directly-elected Board Vice President Carol Becker opposed. Mayor Hodges also voted in favor of the levy.
Published Sep 21, 2015