HomeMy WebLinkAboutX-E-01 Approve Preliminary 2025 City Property Tax Levy, Preliminary Budget, and Setting Truth in Taxation HearingCITY OF HASTINGS
DAKOTA COUNTY, MINNESOTA
RESOLUTION __________
A RESOLUTION ADOPTING THE PRELIMINARY
2025 CITY PROPERTY TAX LEVY, PRELIMINARY BUDGET,
AND SETTING TRUTH IN TAXATION HEARING DATE
WHEREAS, the City must annually prepare a budget that is responsive,
responsible, and in alignment with our CORE values and strategic plan; and
WHEREAS, departments prepare requests with are discussed and reviewed as a
team and with the Finance Committee of the Council (Vihrachoff, Fox, Leifeld); and
WHEREAS, the Finance Committee and the City Council have met several times
over the last few months to discuss the preliminary budget information; and
WHEREAS, the committee has directed the City Administrator and staff to
prepare a preliminary 2025 tax levy and budget, a special levy, and set a truth in
taxation hearing date; and
WHEREAS, provisions of the Minnesota Truth and Taxation Law require Cities to
certify a Proposed Property Tax Levy and City Budget to the County Auditor by
September 30, 2024; and
WHEREAS, City staff was directed to set the 2025 City Preliminary levy at
$20,049,930, the Preliminary Budget at $42,274,045, and to schedule a truth in taxation
public hearing date at 7:00 p.m. on Monday, December 2, 2024 in the City Council
Chambers at Hastings City Hall, with a continuation date (if needed) of Monday,
December 16, 2024; and
WHEREAS, the City’s debt levy must increase by $359,145 due to more bonding
projects than usual that were approved for the 2024 budget.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Hastings,
Minnesota; that the preliminary Property Tax Levy of the City of Hastings, for the 2025
City Budget to be certified is hereby adopted.
Adopted this 3rd day of September 2024.
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Attest: Mary Fasbender, Mayor
_____________________
Kelly Murtaugh, City Clerk
X-E-01