2013 budget invests in Minneapolis while decreasing spending

Minneapolis Mayor R.T. Rybak and the City Council unanimously approved the City’s 2013 budget, which will mean major investments in infrastructure, public safety, economic growth and reform. Overall the City’s spending is down about 3 percent from 2012.

The $1.085 billion budget provides:

Budget challenges

The 2013 budget was made possible through more than a decade of solving tough financial challenges that faced the City. The challenges include: 

The overall increase in the 2013 property-tax levy is 1.77 percent, which is below the rate of inflation. In fact, 70 percent of taxpayers will not feel this increase, or will see a decrease in their property-tax bill. Had it not been for the City’s careful financial planning over the years, taxpayers would likely be paying 35 percent more in property taxes than they currently are.

To view the City’s 2013 budget, go to www.minneapolismn.gov/finance/budget.

 

Published Dec. 19, 2012