Oakdale, Lake Elmo approve tax caps and preliminary levies

Oakdale and Lake Elmo officials recently approved preliminary 2015 property-tax levies and budgets for their cities.

The preliminary levies are "not-to-exceed" levies, as are the proposed budgets, which means once they're approved by city councils they cannot be increased, however, they can be lowered.

Both the Oakdale and Lake Elmo city councils have approved their preliminary budget and levy numbers. In December, all Minnesota cities will approve final budgets and property-tax levies for next year.

State law requires municipalities schedule a truth-in-taxation hearing prior to approving a final budget and levy. Those meetings are open to the public and usually held in early December.

Oakdale

The Oakdale City Council approved a $10,088,705 maximum property-tax levy for 2015, which represents a 1.8 percent, or $181,767 increase over 2014.

Assistant city administrator Dave Schaps said the slight levy increase is due in large part to the hiring of two full-time firefighters for the Oakdale Fire Department.

A preliminary city budget of $11,811,154 was also approved by the city council at its Tuesday, Sept. 9 meeting. The proposed 2015 budget represents a 1.27 percent, or $172,914 increase over this year.

Lake Elmo

The Lake Elmo City Council approved a $3,137,663 maximum property-tax levy for 2015, which is a .81 percent, or $25,696 decrease over 2014.

City administrator Dean Zuleger said revenue from new residential and commercial developments has allowed for a slight levy decrease from 2014.

The council also approved a $3,798,334 preliminary budget for next year, which is a 15 percent, or $494,799 increase over 2014. Much of that increase is due to Lake Elmo's annual street improvement projects.

--Joshua Nielsen

 

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