The Roseville City Council approved a $62.8 million budget for 2021 at its final meeting of the year on Monday, December 7. The budget calls for an increases in Roseville’s budget of just over one percent compared.
The budget continues to fund all existing city programs and services and covers inflationary costs for staff and equipment, plus the addition of a Diversity, Equity and Inclusion Manager and additional public safety personnel. The budget also includes state bonding funds of $3.9 million that were granted to the city to make operational repairs to the Guidant John Rose Minnesota OVAL.
The result of the limited spending increase combined with commercial property values outpacing residential values in 2021 will result in many residential property owners seeing a small decrease in the city portion of their 2021 tax bill according to the tax levy adopted by the Council.
The tax levy's impact on residents will vary depending on a property’s value and change in value compared to 2020. For the median-valued Roseville home, valued at $280,600, the preliminary levy calls for a slight decrease in residential property taxes of about $1.90 per month.
Commercial and residential property taxes will generate approximately $23.7 million in revenue or 38 percent of the city’s 2021 budget. The remaining balance of the budget is paid for from fees for services and user charges, intergovernmental transfers and other sources such as investments, assessments and franchise fees.
The City Council also adopted a tax levy of $453,670 on behalf of the Roseville Economic Development Authority (REDA). The adopted total is a decrease of about $10,000 compared to 2020 and will result in a small additional reduction in the property taxes paid on a median-valued Roseville home.
For more information on Roseville’s 2021 budget or tax levy, visit www.cityofroseville.com/budgetinfo or contact Finance Director Michelle Pietrick at 651-792-7031 or Michelle.Pietrick@cityofroseville.com.