Hennepin County proposed tax Increase
On Sept. 12, David Hough, the Hennepin County Administrator, proposed a 2024 budget of $2.64 billion to the Hennepin County Board with a net property tax levy of $991.3 million, which is an increase of 6.5% from 2023. Property taxes cover roughly 36% of the overall county budget with federal and state funding, fees and services covering most of the rest. The Hennepin County Board used the recommendation when it set the maximum tax levy on Sept. 19 and the final levy, which could possibly be lower, will be approved with the final budget adoption set for Dec. 12, following a series of budget presentations and a public hearing, where people can make comments on the budget to the board, on Tuesday, Nov. 28 at 6 p.m. Find the administrator’s recommended budget and a schedule of hearings at www.hennepin.us/budgets.
Board of Estimate and Taxation Levy
The Board of Estimate and Taxation held a public hearing on Sept. 13 to consider setting the maximum property tax levy for 2024. The board sets the maximum tax levies for the city, Minneapolis Park and Recreation Board, and Minneapolis Public Housing Authority, and will adopt the maximum levy for later this month. The proposed 2024 budget is $1.8 billion with a proposed tax levy of 6.2%. The city council has started reviewing the 2024 budget and will approve and likely amend it in December after public hearings on Oct. 25 and Nov. 1, along with a final hearing before the final budget adoption Dec. 5.
No comments on this item Please log in to comment by clicking here