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Isanti council leans toward preliminary levy that holds tax rate flat while weighing fund-balance tradeoffs
Summary
At a budget work session, Isanti City council and staff discussed a proposed 6.5% levy increase (about a 2.5% tax-rate change), the city’s growing fund balance (now ~54%), and whether to set a preliminary levy that yields a 0% tax-rate change; staff will prepare materials for a September decision.
Isanti — City council members and staff spent the bulk of a budget work session debating whether to set a preliminary levy that keeps the tax-rate change at 0% while relying on the city’s elevated fund balance, or to set a more conservative preliminary levy that preserves wiggle room for insurance and other renewals.
Staff presented a levy and tax-rate analysis workbook with historical data and told the council the proposal on the table would be “a roughly 6 and a half percent increase in the levy and that equates … to about … roughly 2 and a half percent tax rate increase,” a staff member said. Council members discussed whether that preliminary levy should be the ceiling or whether the council…
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