Detroit Lakes Sets Preliminary Budget and Levy for 2020
Leighton Interactive | Sep 12, 2019 AT 7:27 am
DETROIT LAKES, MN--September is the month local governments set their preliminary tax levies and budgets. This week the Detroit Lakes City Council set the preliminary levy at 4.5% increase. Detroit Lakes Mayor Matt Brenk is proud of the work of the budget committee and staff in keeping rates down.
"We're projecting our market value and our growth in the city is about 9%, so if you keep the same valuation in your house as you had last year you'll actually see a decrease in your city taxes," said Mayor Brenk.
The preliminary tax levy set in September is the maximum levy. The levy may end up going down if the council should choose to make any cuts but it cannot go up. The final levy and budget for next year will be set at the December meeting of the Detroit Lakes City Council on December 10th following the budget and levy hearing at 6:01 pm at Detroit Lakes City Hall.