Council approves 2014 City budget with first levy decrease in 30 years

On Wednesday, Dec. 11, the Minneapolis City Council passed a 2014 City budget, which Mayor R.T. Rybak first proposed in August, that features a one-percent cut to the property-tax levy, the first such decrease in 30 years.

That property-tax cut is 3.8 percent below the cost of maintaining City services at 2013 levels, even before making any new investments.

The 2014 budget will mark the third City budget in a row in which nearly 70 percent of residential taxpayers will see a decrease, or no increase, in their property taxes. In 2014, 67 percent of Minneapolis taxpayers will see a decrease in their property taxes.

The 2014 budget also makes important future investments in:

The 2014 budget also makes a significant investment in a staged rollout of body cameras for Minneapolis police officers, pending policy and procedure decisions.

The ability to cut property taxes in 2014 while making investments in the future is possible for three reasons:

These recent developments come on the heels of tough choices that City leaders have made over the past decade to restore the City’s fiscal health:

Had leaders not made those tough choices, property taxes would be 35 percent higher than they are.

 

Published Dec 12, 2013

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