The St. Louis Park residents' could see their property taxes rise by up to 3.5 percent.
The city council unanimously approved a $25,577,908 levy for 2014—an increase of $864,967 over 2013.The preliminary figure approved by the council can be revised downward but not upward.
The 3.5 percent levy increase would correlate to a roughly $35 increase in property taxes for an average-priced home worth about $210,000.
The city council also adopted a $949,359 HRA levy, a 5.38 percent increase over 2013, the maximum increase allowable by law. HRA levies will play a big role over the next five or six years in funding the Highway 7 and Louisiana Avenue interchange project.
Oct. 14: Review and discussion of 2014 budget, CIP, utility rates and LRFMP. Directors present as needed.
Nov. 12: Final budget discussion prior to Truth in Taxation Public Hearing.
Dec. 2: Truth in Taxation Public Hearing.Dec. 16: Council adopts 2014 budget, final property tax levies, CIP and utility rates.