The Roseville City Council has adopted a balanced Fiscal Year 2015 Budget that goes into effect on January 1. The budget, which totals $52,045,290, was approved on a 3-2 vote during Monday night’s meeting at City Hall.
The budget plans for $26,055,340 in tax-supported programs. The total for tax-supported programs represents an increase of $1,332,055 over the City’s 2014 budget and includes $723,570 in capital-related expenditures such as police and fire vehicles, street replacement projects, and water and sewer infrastructure upgrades.
To support the budget, the City Council approved a tax levy increase of 1.5 percent, 2.1 percentage points lower than the 3.6 percent preliminary tax levy figure it approved in September. The 1.5 percent increase is the lowest tax levy rise for Roseville residents since 2003.
The impact of the levy increase on residents will vary depending on a property’s value and change in value relative to other properties in the city. Based on the adopted budget and tax levy, a median-valued home can expect to pay approximately $69.75 per month in 2015, an average increase of $4.90. According to finance director Chris Miller, much of the increase homeowners will experience in 2015 are due a rise in property values of 11 percent or more in Roseville.
Currently, ninety cents of every city tax dollar in Roseville goes directly for core city services, such as snow plowing, public safety and park maintenance. The remaining portion pays for legal, election, accounting and general administrative costs. Police account for the largest percentage of the tax levy-funded budget at 32 percent. Parks and Recreation account for 26 percent, with fire and public works claiming 15 percent and general city governmental expenses accounting for the remaining 12 percent.