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Cluster · rate · FY 2023
Proposed percentage increase in the 2023 property tax levy.
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2022-09-13 — 2022-09-13
Proposed percentage increase in the 2023 property tax levy.
Discussion regarding the proposed budget for 2023. Summarizing the reasons for the proposed increase of 6.94%, higher - Staffing, loss of state funding (grants are not guaranteed), fiscal disparity funds, the city will use some of its reserves (currently at 88% - the state auditor likes to see reserves at 25-40%, Nowthen has consistently has 60-65%. After using some of the city's reserves, it will still have 67% in reserves.
Reasoning: This is a percentage rate for the proposed levy increase, not a dollar amount.