Inver Grove Heights sets max property-tax levy


The table shows the difference between 2016’s taxes and the proposed 2017 taxes for a median-value home.

Like other metro cities, the Inver Grove Heights City Council set and approved its 2017 proposed property-tax levy and budget last week.

Once set, the levy cannot increase, but it can remain the same or decrease.

Kristi Smith, finance director, said the proposed preliminary general fund expenditures are about $20.8 million, an increase of roughly $1.2 million from 2016’s general fund expenditures of roughly $19.6 million.

The preliminary property-tax operating levy for 2017 was set at approximately $17.1 million, an increase of about $1.2 million from 2016’s levy of roughly $15.9 million. 

This increase includes roughly $1 million for continuation of current services and programs, $148,000 for new requests    including firefighter pay raises, staff training, streetlights and more.  

The general fund budget continues to rely on a transfer from the “host community” fund, which Smith said contains fees paid to the city by the landfill businesses.

 “At this point, the budget does reflect a $100,000 decrease from last year, but it does still rely on the host community fund for about $200,000,” Smith said. 

The median value for a home in Inver Grove Heights is $208,300. Under the proposed 2017 budget, the city portion of the overall property-tax bill would rise 8.89 percent from roughly $931 to roughly $1,000 on an average value home. This is an increase of $82.82. 

The council approved the proposed budget and levy unanimously.

The city’s budget for next year will be finalized at a truth-in-taxation public hearing on Dec. 12 at City Hall.

 

Hannah Burlingame can be reached at 651-748-7824 or hburlingame@lillienews.com.

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