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FOR
IMMEDIATE RELEASE
Contact: Carolyn Marinan, Communications, 612-910-9111
The board voted Tuesday to approve a $939.8 million maximum property tax levy for the 2023 county budget. This is an increase of 4.5% from last year. The board could lower the proposed property tax levy prior to adoption of a 2023 budget on December 15.
Earlier this month, Hennepin County Administrator David Hough presented a $2.57 billion proposed 2023 budget focused on disparity reduction, climate action, and safe communities.
The operating portion of this budget totals $2.24 billion, an increase of $72.1 million dollars from the adjusted 2022 budget. The capital portion totals $329 million, which is $18 million less than the 2022 adjusted capital budget.
Property tax covers approximately 36% of the overall county budget. Federal and state sources, fees and services, and other revenues fund the remainder of the budget.
“It is our job to ensure we invest in services and infrastructure that keep our municipal partners as resilient as possible,” said Commissioner Debbie Goettel, who chairs the committee in charge of the budget process. “This proposed budget provides a strong delivery of essential human services, historic investment in climate action, and advances innovation in affordable housing.”
County spending invests in programs, services, and systems that will improve long-term outcomes for residents in the areas of education, employment, health, housing, income, justice, and transportation.
“Our programs and our budget are centered on our residents,” said County Board Chair Marion Greene. “Using county funds responsibly to invest in infrastructure, climate action, and programs and services for residents that provide long-term and lasting benefits is critical for our future.”
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 2023 budget of $19.3 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 $32 million maximum property tax levy. Staff have proposed a 2023 budget of $31.8 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
Additional information
Budget hearings will take place before a final budget and levy is adopted in December. View the schedule of budget hearings at hennepin.us/budgets.
More information about property taxes can be found at hennepin.us/propertytaxes.
Homeowners may qualify for a homestead market value exclusion. Learn more and apply online at homestead.hennepin.us.
Look for more news on the Hennepin County website at hennepin.us/news.
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