Mayor Hodges’ 2018 Levy Approved
Board of Estimate and Taxation certifies Mayor’s proposed 2018 property-tax levy
September 27, 2017 (MINNEAPOLIS) — The Board of Estimate and Taxation today certified the property-tax levy that Minneapolis Mayor Betsy Hodges has proposed in her 2018 budget.
“My 2018 budget builds upon the strong results we have gotten from last three years of investment in the major challenges and opportunities we face as a city,” Mayor Hodges said. “My budget also builds on the City’s last 15 years of fiscal responsibility and structurally balanced budgets. Finally, my budget addresses our major remaining deficit, the infrastructure deficit in our streets and parks that City leaders agreed to take on a year ago with our historic 20-year Parks and Streets agreement. I am pleased that the Board of Estimate and Taxation has certified the property-tax levy that I have proposed — which is identical to the 2018 levy that was projected a year ago — because it will allow us to meet the important challenges in front of us and continue to build One Minneapolis.”
The Mayor’s proposed 2018 budget will be heard by the City’s Ways & Means/Budget Committee through October 27. The City Council will hold a public hearing on the budget on November 29, and will meet to adopt the 2018 budget on December 6.
Top highlights of Mayor Hodges’ 2018 budget proposal include:
• Nearly $6 million total in clean energy, cleaner businesses, and more efficient commercial and residential spaces in the city. This investment represents a 60% increase over the 2014 budget.
• Raising utility franchise fees by half-a-percent, which will raise over $2 million in 2018 alone to ensure significant, predictable funding to move the dial on Minneapolis’ climate impact.
• $24 million in housing investment across a number of programs.
• $4 million investment in new strategies that will continue to build community trust and ensure public safety.
• $1.2 million investment to protect and support the constitutional rights of every single qualified voter in the City of Minneapolis.
“Our values form the foundation of our budget, our budget forms the foundation for our actions, and our actions get positive results for the people of Minneapolis,” Mayor Hodges stated in her September 12 budget address.
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Published Sep 27, 2017