SLP Council Agrees to Preliminary $864,967 Tax Level Increase

City staff also adopted a new HRA levy that's 5.38 percent bigger than last year's.

Posted Thu, Sep 5, 2013 at 12:03 pm CT

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.

Next Steps:

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.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here