FOR
IMMEDIATE RELEASE
Contact: Carolyn Marinan, Communications, 612-910-9111
The board voted Tuesday to approve an $899.6 million maximum property tax levy. This is an increase of 3.5% from the adjusted 2021 budget.
Earlier this month, Hennepin County Administrator David Hough presented a $2.4 billion proposed 2022 budget. Read more about Hough's budget proposal.
Housing and Redevelopment Authority levy
Acting as the Housing and Redevelopment Authority, the board approved a $17.9 million maximum property tax levy. Staff have proposed a 2022 budget of $19.7 million for the authority.
The proposed budget supports:
- Affordable housing activities, which include the Affordable Housing Incentive Fund, Supportive Housing capital program, and investments in homeownership and single-room occupancy
- Community and economic development activities, which include the Transit Oriented Development Program, CEO Next Institute, and Open to Business
- Administrative activities
Regional Railroad Authority levy
Acting as the Hennepin County Regional Railroad Authority, the board approved a $31 million maximum property tax levy. Staff have proposed a 2022 budget of $30.7 million for the authority.
The proposed budget supports:
- Capital projects which include the METRO Blue Line Extension (Bottineau) Light Rail Transit
- Debt service and corridor maintenance, asset management and replacement
- Administrative activities
Next steps
- November – Property owners will receive a notice showing the impact of the county’s maximum levies on their properties, as well as the impact of taxes proposed by other local units of government, such as cities and school districts.
- Tuesday, November 30, 6 p.m. – The proposed levies will be discussed at the Truth in Taxation public meeting.
- The property tax levies that commissioners ultimately approve in December may be lower than the approved maximums, but cannot exceed the maximum levies adopted at Tuesday’s meeting.
- View the schedule of budget hearings at hennepin.us/boardmeetings.
- For more information on the budget visit hennepin.us/budgets.
Look for more news on the Hennepin County website at hennepin.us/news.
Discover how we're making a difference in our communities at hennepin.us/stories.
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