Inver Grove Heights sets levy cap

The Inver Grove Heights City Council on Sept. 9 took a step toward finalizing the city’s 2020 budget and tax levy.

The numbers approved that night set the cap for what can be approved in December — they can go no higher but the council can come in lower.

City Administrator Joe Lynch said taxable market values increased 6.5% and the net tax capacity is up as well, increasing to 6.1%. 

“Both of these are very good numbers,” he said.

Lynch added that for the first time in three years, commercial and industrial property values are up. 

The proposed 2020 budget includes a 1.03% increase in the tax rate and a 7% increase in the levy. 

The total levy is increasing from $23.3 million for 2019 to a preliminary number of roughly $24.9 million.

Lynch said items adding to the city’s general fund budget include personnel costs, an additional $500,000 toward the pavement management program and $192,000 for priorities that include a network analyst and two cadets in the police program.

The mean home value is projected to increase by approximately $15,000. Coupled with the proposed property tax levy for 2020, the owner of a mean-valued home will see a $164 increase in their yearly city tax bill.

The final budget and levy meeting, which includes a public hearing on the matters, is set for Dec. 9.

 

—Hannah Burlingame

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