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Finance committee: council has left much of five‑year tax‑cap allowance unused amid revaluation
Summary
Finance Director Mr. Sullivan told the Rochester City Council Finance Committee on Jan. 14 that over the past five fiscal years the city has used roughly half of the allowable tax‑cap increases and that revaluation, school aid shifts and enterprise fund pressures explain recent changes in rates and budgets.
On Jan. 14, 2025, the Rochester City Council Finance Committee heard a presentation from Mr. Sullivan, finance director, summarizing the city’s tax‑cap allowance, tax effort and budget drivers from fiscal 2021 through fiscal 2025.
Mr. Sullivan said the council had the authority to raise about $22,000,000 under the tax‑cap allowance over the last five years but applied roughly $12,500,000. "And, every year for the last 5 years the council has adopted a operating budget city and school operating budget that is below the tax cap," he said, citing annual surpluses in the allowance that do not compound.
The presentation aimed to explain why revaluation and apparent tax‑rate shifts can seem larger than changes in the actual amount to be raised by property taxes. "The percent change in the amount to be raised by…
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