The City Council has approved a preliminary property tax levy increase of 5.1 percent for 2020. The 5.1 percent increase is now the maximum amount the City Council can raise the 2020 property tax levy.
State statute requires cities to adopt a preliminary tax levy and budget by September 30 for the upcoming fiscal year. Once the preliminary levy is adopted it can be lowered, but not increased.Additional upcoming meetings featuring 2020 budget items include a review of proposed 2020 utility rates on November 4 and the final 2020 budget (truth-in-taxation) hearing on November 25. The City Council will vote on Roseville’s final 2020 budget, tax levy and utility rates on December 2.The levy approved by the City Council will generate $22,641,770, with approximately $12.4 million coming from residential properties in the city. This is an increase of $1,090,120 compared to the 2019 property tax levy.The impact on residents will vary depending on a property’s value and change in value compared to 2019. Based on expected rise in property values of about 6.7 percent, the levy increase on the median-valued Roseville home, valued at $272,000, will see monthly property tax average $85.41, an increase of $6.27 per month.The City Council also adopted a preliminary city budget of $62,538,655. The preliminary budget adopted by the Council is an increase of $7,031,515 compared to Roseville’s 2019 budget. It continues to fund all existing city programs and services, eliminates the city’s reliance on cash reserves to balance the budget, covers inflationary costs for staff and equipment and the addition of public safety personnel. The bulk of the increase, however, is due to higher capital replacements, including $5 million in planned improvements to the Guidant John Rose OVAL, for which the city will be seeking state funding. The City Council also adopted a preliminary tax levy of $463,400 on behalf of the Roseville Economic Development Authority (REDA). The adopted total is a decrease of $10,260 compared to 2019.The City Council encourages residents to attend future meetings and participate in the budget process. All City Council agendas, meeting packets and meeting minutes are available at www.cityofroseville.com/agendacenter. Meetings are broadcast live on Roseville Cable Channel 16 and are available live and on-demand at www.cityofroseville.com/webstreaming.For more information about Roseville’s 2020 budget process, please visit www.cityofroseville.com/budgetinfo.