Woodbury council OKs preliminary budget
Woodbury City Council members set a tentative levy hike of 3.18 percent, but hinted they may lower that in a final 2010 budget later this year.By: Scott Wente, Woodbury Bulletin
The city of Woodbury’s operations budget would remain essentially flat and an average-value home would see no city property tax hike under a preliminary budget plan approved Wednesday.
“We have a budget that will be retaining our current service levels,” City Administrator Clint Gridley said.
City council members voted 5-0 to set a tentative 2010 budget. Under the proposal, the city would collect $27.56 million in local property tax revenue, a 3.18 percent increase over the 2009 levy. The city’s operating expenses would be $25.97 million, 0.2 percent higher than current spending.
Council members cannot raise the levy more than 3.18 percent when they finalize the budget in December, but they suggested Wednesday they may want a smaller levy hike.
City collections represent about 27 percent of a property tax bill.
Council members also set the annual Truth in Taxation meeting for 7:30 p.m. Dec. 9.
See the Sept. 16 print edition of the Woodbury Bulletin for more information.
Tags: property taxes, news, woodbury, budget, levy
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