2022 City Budget funds priorities, holds the line despite increased housing valuation
With the December 6, 2021 meeting in the books, Roseville City Council adopted the 2022 budget.
The $58.1 million budget is supported by $24.8 million in property tax revenues and is the result of a months-long process that started in April, 2021.
Even while meeting these priorities, the $58.1 million budget holds the line on spending and is a reduction from the 2022 total city budget. This reduction is due to the 2021 capital needs at the OVAL that aren’t replicated in 2022 and for the cost savings associated with moving IT Metro-INET functions to a separate entity in 2022.
The median valued home of $296,500 will see an increase of $5.38 per month in city property taxes – or $64.56 annual increase. The majority of this increase is due to the 5.7% increase in the median valuation of homes set by the Ramsey County Assessor.