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County Budget Nears Completion

The Washington County Board of   Commissioners   invites   residents   to    a public hearing on the 2018 county   levy and budget at 6 p.m. Dec. 5 in   the Board Room of the Government   Center, 14949 N. 62nd St., Stillwater. The board has reviewed the proposed budget since it was first introduced by county staff in August . The county?s net tax levy was set at   $103.9 million in September, including $335,000   to   support   bringing   the Lake Elmo Library into the county library system. This levy amount is estimated to produce a tax rate of 30.031, which is a 1.4 percent decrease from 2017. The board may reduce the levy after it is set, but may not raise it. The recommended levy increase for   2018   would   result   in   an    annual property tax increase of   about $32 for the owner of the   median-valued home, which is   $257,000, assuming that home?s   value    increased    4.9    percent     during the past year. That dollar amount includes a $3 increase   in the voter-approved Land and   Water Legacy program. County taxpayers benefit from   continued growth in the county?s tax base, with new construction up 17.5 percent over 2016, or   almost   $427   million,   which,    coupled with the levy increase,   will result in a tax rate drop for   the county. The   final   levy,   budget,   and    capital improvement plan will   be adopted Dec. 12. Budget meetings are open to the public, and are webstreamed on   www.co.washington.mn.us

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Permanent link to this article: http://kdwa.com/2017/11/county-budget-nears-completion/

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