County proposes $93M budget with 1.23% tax rate reduction for 2025

December 03, 2024 | Goodhue County, Minnesota

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County proposes $93M budget with 1.23% tax rate reduction for 2025

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

Goodhue County officials presented a revised budget and levy proposal during the Truth in Taxation meeting on December 3, 2024, highlighting a significant reduction in the county tax rate. The proposed budget stands at $93 million, with a levy request of approximately $45.3 million, reflecting a decrease from the preliminary levy by nearly $409,480.

During the meeting, officials detailed how the budget is allocated, noting that over half of the funds will be directed towards personnel services. The breakdown of the levy indicates that 53% will support the general fund, which encompasses essential departments such as administration, finance, public safety, and veteran services. Other allocations include 20% for health and human services, 14% for public works, and smaller percentages for capital projects, debt, and waste management.

The capital plan, which has been reviewed multiple times, outlines total expenditures of $4.6 million, with $3.7 million coming from the levy. Most of these costs are associated with building maintenance and vehicle upkeep.

A key highlight of the meeting was the announcement of a reduction in the county tax rate from 42.022% in 2024 to 40.792% for 2025, marking a year-over-year decrease of 1.23%. This trend of decreasing tax rates has been consistent, with historical data showing a significant decline since 2002.

The meeting underscored the county's commitment to fiscal responsibility while ensuring essential services remain funded, providing a positive outlook for residents as they prepare for the upcoming tax year.

Converted from Goodhue Truth in Taxation Meeting 12.3.2024 meeting on December 03, 2024
Link to Full Meeting

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