Mayor proposes a 2012 City budget with no property tax levy
In an effort to lessen the tax burden on middle-class homeowners, Mayor R.T. Rybak proposed a City budget on Sept. 12 that calls for no property tax levy increase in 2012. He also proposed a major new street-improvement program, maintaining the City’s focus on public safety and reducing youth violence, and a new, consolidated effort to close the racial jobs gap in Minneapolis. Mayor Rybak cautioned that holding City property taxes flat comes at the cost of many difficult cuts.
The Mayor took time to praise City employees for their hard work and dedication. He noted that, after adjusting for inflation, the City spends 8 percent less than it did 10 years ago and has 10 percent fewer full-time positions than 10 years ago. "This means that some very good public servants have lost their jobs and many others are doing much more. Especially at a time when some politicians stoke resentment and fear of government, these hard-working public servants all deserve our thanks," the Mayor said.
On Sept. 22 the City Council will begin budget hearings to consider Mayor Rybak’s proposal. Budget hearings will continue through mid-November, with final approval of the 2012 budget scheduled for Dec. 14.
Mayor Rybak emphasized the City’s record of fiscal responsibility over the last 10 years. The City of Minneapolis balances its budgets five years out without relying on gimmicks or shifts, has paid off $183 million in debt and has restored its AAA credit rating.
The Board of Estimate and Taxation voted on Sept. 13 to cap next year's property tax levy at 0 percent, per Mayor Rybak's proposal.
To view the speech
City employees can read the Mayor’s address online.
You can watch the budget address on Minneapolis 79 on:
- Tuesdays at noon
- Wednesday at 9 p.m.
- Fridays at noon
- Saturday and Sunday at 2 p.m.
To view the address from a computer, visit /mayor/news/mayor_news_webcasts.
To read the Mayor’s office news release about the speech
Sept. 14, 2011
Published Sep. 14, 2011