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Minneapolis budget pre-season underway with property taxes at play
['Trevor Mitchell']
MinnPost
City staff shared with the City Council’s budget committee that the projected gap between revenue and expenses sits somewhere between $28-$32 million dollars.
Council member Michael Rainville (Ward 3) is ringing alarm bells, saying a chasm that large could mean a 13% property tax increase.
At the meeting, it was pointed out that its share of Minneapolis’ tax levy has trended downward over the past decade, from about 18.5% to nearer 17%.
On July 28, parks board President Tom Olsen dryly asked his followers on social media: “Would you be a fan of cutting funding for Minneapolis parks to pay for Minneapolis police overtime?”
The BET comprises the mayor, two Council members, the parks board president and two elected members.