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City Council Puts Its Fingerprint on Beutler's Budget Plan Form

City Council Puts Its Fingerprint on Beutler's Budget Plan Form

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In just the last five hours, the Minneapolis City council voted to adopt the city's budget for 2025 and it includes an increase on your property taxes. And Russo is here now to break down the final numbers. Good morning, Audrey. Good morning, Jason. Yeah, that's right. 2025 will bring the largest property tax levy increase since 2010 at 6.9%. But that's still less than what was initially proposed by the mayor. However, some people really are still gonna feel that sticker shock if you own a home with a median value of 330 $1000. ing to the city's assessor website, you'll pay roughly 100 and $70 more in city taxes. This final vote came after three days of deliberations and a council meeting that took more than four hours to finish up. Mayor Jacob Frey initially proposed a tax levy of over 8%. He cited the federal consent decree for police reform, declining commercial property values and employee salary increases as challenges for funding the city.

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