TRUTH-IN-TAXATION HEARING

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2019 BUDGET AND TAX LEVY

Albertville’s truth-in-taxation hearing is set for December 3, 2018.   The citizens of Albertville are invited to attend the City’s truth-in- taxation public hearing on Monday, December 3 at 6:30 p.m. at City Hall to discuss the proposed 2019 budget and property tax levy.

In September, the city proposed a preliminary levy increase of 2.99%.  Therefore, the city proposes a $4,004,731 levy for taxes payable 2019.

Albertville’s 2019 debt service budget has decreased from 2018 by $269,555.  The general fund operations budget has increased by $385,968 (which includes capital outlay) for a net levy increase of $116,413 or 2.99%.  The levy funds debt, capital and the services provided by the city.  Included in the 2019 budget is anticipated Local Government Aid of approximately $112,015, which will assist with infrastructure expenses.

The 2019 property taxes are comprised of city, school district, and county tax levies, and all three jurisdictions host public hearings and welcome comment from residents.  Residents with questions or concerns regarding the proposed budget are encouraged to contact Albertville Finance Director Tina Lannes at 497-3384 in advance of the hearing.

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