Are you a citizen of Inver Grove Heights that would like more detailed information on the budget process? Each year the city's elected officials decide how to raise and spend the public's money, but the process to decide how that money should be raised and spent can be confusing for those who attempt to become informed.
Here are a few key numbers for you to be aware of:
• The 2018 preliminary property tax rate is .51693, an increase of 0.09%.
• The preliminary property tax operating levy for 2018 was set at $19,325,000, an increase of $2,351,600. This increase includes $1,327,500 for continuation of current services and programs, and $1,024,100 for new expenditures. New expenditures include a transfer of $550,000 for pavement management, $134,700 transfer for park maintenance, $262,300 for new personnel (K-9 Officer, 50% Park Maintenance Worker, 70% Engineer in Training and increased contribution to the Fire Relief Association), $100,000 for contingency and $77,100 for professional/technical services and supplies. $100,000 of new expenditures will be funded by a transfer from the Host Community Fund.
• The City-wide preliminary budget (Operating and Debt Service) for 2018 is $21,264,310.
• The Simley Lake Watershed Management Taxing District (WMTD) levy final year of collection was 2017. In 2017, Council approved WMTDs for 70th Street Reconstruction for Cahill Avenue to Concord Boulevard creating three new districts, Babcock Trail ($22,203), South Grove ($41,285) and 70th Street ($15,879). Levies will be in place for ten years. Only parcels within the district are impacted by these levies.
To raise the level of public understanding surrounding the budget process, the City has created a frequently asked questions guide to the city budget. Please view this guide at www.invergroveheights.org/2018budgetfaq. If you have questions regarding the budget please contact the Finance Director, Kristi Smith at 651-450-2521 or firstname.lastname@example.org.