On September 25, 2023, the Roseville City Council approved the 2024 preliminary city budget and property tax levy. The 2024 preliminary city budget totals $69.6 million.
Approximately 41% of the total 2024 budget or $28.8 million is funded by commercial and residential taxpayers through the property tax levy. The remaining $40.8 million of the total budget is funded through fees for service, state, and federal aid.
If the preliminary budget and tax levy remain unchanged, homes with the median home value of $349,900 will see an increase of about $8 per month, or $96 annually (See Table 1).
Table 1: Estimated City of Roseville Property Tax Levy Impact on Median-Valued Home (Monthly)
*EDA = Economic Development Authority
The primary contributing factors to the increased budget are a $5 million increase in contractual costs and other inflationary costs; $2.1 million for personnel costs; and $1.2 million in capital equipment and costs associated with providing and maintaining infrastructure.
The Property Tax Levy for City of Roseville Economic Development Authority (EDA) decreases in 2024 (See Table 1).
At this point in the 2024 budget process, the property tax levy can’t increase beyond what was approved in the preliminary budget, but the tax levy can decrease.
The Final Budget Hearing will be held at the November 27, 2023 City Council meeting. The final budget will be adopted at the December 4, 2023 City Council meeting.
Public input is welcomed and encouraged. There are opportunities for the public to provide input during the remaining City Council meetings or comments can be submitted online on the 2024 Roseville Resident Budget Priorities Form.