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St. Louis Park considers $500,000 cut to HRA levy after residents decry rising property taxes
Summary
After a Truth in Taxation hearing, the council asked staff to prepare an amendment to cut the HRA levy by $500,000 for possible inclusion in the Dec. 15 budget adoption; residents urged the council to reduce the tax burden, citing years of steep increases.
The St. Louis Park City Council on a November night moved to have staff model a $500,000 reduction to the Housing and Redevelopment Authority (HRA) levy for council consideration at the Dec. 15 final budget adoption, after a public hearing in which multiple residents said repeated property tax increases are unsustainable.
Finance Director Amelia Kruger told the council the city has trimmed the proposed levy from a maximum 8.02% to 7.49% and noted actions the council has already taken — including closing four tax increment financing (TIF) districts that added just over $3 million in taxable market value — which have lowered the earlier estimates for taxpayers. Kruger said the county’s preliminary estimate puts the overall property tax increase (city, county and…
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