Truth in Taxation Hearing - November 26, 2024
2025 Property Tax Levy
2024 Revised and 2025 Proposed City Budget
Proposed 2025 Utility Rates
Truth in Taxation Public Hearing
Capital Improvement Projects (Woodlake Nature Center, Veterans Park)
Staffing additions (7.5 FTEs)
General Fund Expenditure Analysis
Revenue and State Aid projections
Full Document Analysis
Votes (3)
Close the public hearing
Moved by Mayor · Seconded by Council Member
Schedule final action on 2025 tax levy/budget for December 10, 2024
Moved by Mayor · Seconded by Council Member
Adjourn the hearing
Moved by Mayor · Seconded by Council Member
Notable Quotes (2)
This item is to conduct a truth in taxation public hearing regarding the 2025 property tax levy in 2024 revised and 2025 proposed budget as well as the proposed 2025 utility rates.
The proposed Levy would increase annual tax of $86 on average Richfield household equating to a monthly impact of approximately $7.17.
People (3)
MayorMayor of RichfieldPresiding over the Truth and Taxation hearing.
Presiding over the Truth and Taxation hearing.
Council Member WhanCouncil MemberIntroduced the budget item and truth in taxation context.
1 quote
Introduced the budget item and truth in taxation context.
“This item is to conduct a truth in taxation public hearing regarding the 2025 property tax levy in 2024 revised and 2025 proposed budget.”
Opening remarks on the hearing purpose.
Director VermaFinance DirectorDelivered the financial presentation on the city's budget and levies.
Delivered the financial presentation on the city's budget and levies.
Places Mentioned
Events & Meetings (3)
- November 26, 2024, 6:33 PM (Public Hearing)
- September 10, 2024 (Preliminary Levy Adoption)
- December 10, 2024 (Final Budget and Levy Approval)