2018 PROPERTY TAX LEVY & BUDGET
On December 4, 2017, the City Council held a truth-in-taxation hearing to receive comments on the proposed 2018 property tax levy and budget. The levy and budget were approved at the regular meeting following the hearing. The tax levy represents a 2.89% increase over the 2017 levy.
Albertville’s 2018 debt service budget will decrease from 2017 by $84,635. The general fund operations budget has increased by $193,719 (which includes capital outlay) for a net levy increase of $109,084 or 2.89%. The levy funds debt, capital and the services provided by the City. Included in the 2018 budget is anticipated Local Government Aid of approximately $111,024, which will assist with infrastructure expenses.
Residents with questions or concerns regarding the proposed budget are welcome to contact Albertville Finance Director, Tina Lannes, at 763-497-3384 ext. 102.