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Northfield mayor cites stable finances despite 2025 tax increase, outlines 2026 objectives
Summary
Mayor Chau told the City Council that 2025 required tough budget choices that produced a 6‑cent local purpose tax increase but left the city with a Double A Minus bond rating, a 98.93% tax collection rate and a $5.5 million rise in assessed valuation; he listed grant-funded projects and set 2026 goals for parks, sewer work and a new municipal website.
Mayor Chau, Northfield’s mayor, told the City Council on Jan. 6 that the city managed a difficult 2025 budget cycle that resulted in a 6‑cent increase in the local purpose tax but left the municipality in a stable financial position.
"Be assured, as your elected officials, we continued to work diligently to minimize the impact to you, as taxpayers," Mayor Chau said, adding that the city maintains a Double A Minus bond rating and a tax collection rate of 98.93%.
The mayor said total assessed valuation rose by $5.5 million to $885.5 million in 2025 and that real estate values remain strong. He…
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