State statute requires cities to adopt a preliminary tax levy and budget by September 30 for the upcoming fiscal year. Once the preliminary levy is adopted it can be lowered, but not increased.

The City Council voted to set the 2016 preliminary budget at $52,447,620 for an increase of 0.9 percent over the City’s 2015 budget. This total includes a budget for tax-supported programs of $29,080,490, up $1,025,150 or 3.7 percent over 2015.

The 2016 recommended tax levy required to fund the budget is $18,944,720, an increase of $667,818 or 3.65 percent compared to the 2015 levy. The impact on residents will vary depending on a property’s value and change in value relative to other properties in the city. The median-valued Roseville home of $216,000 would see an annual increase of approximately $23 or $1.90 per month at the new rate.

In further action, the City Council elected to zero-out the tax levy on behalf of the Roseville Housing and Redevelopment Authority (RHRA) as it felt the RHRA had enough funds in reserve to meet operational needs for the upcoming year. The HRA tax levy for the current budget year was $36.71 annually for the median-valued Roseville home.

Residents are encouraged monitor future City Council agendas and participate in the budget process moving forward. The next scheduled discussion on the budget will occur at the October 19 meeting. The City Council will also hold an additional budget-related discussion in November before the final 2016 levy and budget are adopted in December.

The final tax levy and budget for both the City and RHRA are required by state statute to be adopted by December 30 for the upcoming fiscal year.

Information about the 2016 preliminary budget is available on the City's Budget Information page.