What to Know About the 9.6% 2024 Tax Levy Increase

Public comment was taken at the December 11 Truth in Taxation Hearing at City Hall.  (See the Finance Director’s report here, starting at page 80)

See the approved budget and related information here).

• The 2024 increase for the city share of your taxes is 9.6%. Through a series of work sessions on August 14, September 11 and 25, the Council reviewed revenue and expenditures forecasted for the coming fiscal year.
• The increase was certified to Hennepin County on September 30. The City had until December 28 to gather public input and reduce the levy.  The final budget was certified to Hennepin County on December 28.
• Residents were invited to attend the Truth in Taxation meeting on December 11.  Three residents attended.  One had questions about the Tax Increment Financing District* for The Waters and The Pillars.  There were no direct challenges from residents relative to the levy itself.

  *SCA will address these questions and the City’s response in a future article.