Rochester City Council Approves 2024-2025 Tax Levy
By KAALTV
Updated: December 5, 2023 - 5:25 AM Published: December 5, 2023 - 3:36 AM
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City Council Approves Budget and Tax Levy
The day's local, regional and national news, detailed events and late-breaking stories are presented by the ABC 6 News Team, along with the latest sports, weather updates including the extended forecast.
(ABC 6 News) – On Dec. 4, 2023, the Rochester City Council approved the 2024 Property Tax Levy in a 6-1 vote.
Councilmember Molly Dennis, representing Ward 6, voted against the levy.
Under the new tax levy, Rochester’s updated budget going into 2024 sits at a little over $579 million.
The city estimates that property taxes will increase by 9.44% overall, with a 3.2% general rate increase for electric and 5.5% for water.
However, the increase will be the second lowest tax increase in the last 12 years.
City council plans to utilize 68.4% of the money raised into the city’s general fund (about $396 million). 56.6% (about $224 million) of the general fund will go to public safety, 16.6% ($65.7 million) to public works projects, 17.5% ($69.3 million) to general governance and 9.3% ($36.8 million) going to “other” projects.