Council approves preliminary tax levy increase of 7.7%

The Lake City City Council approved the city’s preliminary 2025 budget and property tax levy at the Sept. 9 regular meeting.

The approved preliminary levy is $4,997,472. It includes a $47,000 correction of a tax collection shortfall in the Goodhue County portion of the city last year. When that is subtracted, the proposed levy increase is 7.7%.

One factor in this year’s levy increase is $122,500 added to plan for future street and utility project debt service payments.

 


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ISSN 2994-1059 (print)  ISSN 2994-1067 (online)