The citizens of Albertville are invited to attend the City’s truth-in-taxation public hearing Monday, Dec. 2, at 6 p.m. at City Hall to discuss the proposed 2014 budget and property tax levy.
The city proposes a $3,300,124 levy for taxes payable 2014. Albertville’s 2014 debt service budget has increased from 2013 by $120,816. The general fund operations levy has decreased by $25,798 for a net levy increase of $95,018 or 2.96%. The levy funds debt and maintains essential services. Included in the 2014 budget is anticipated Local Government Aid of approximately $79,000, which will assist with infrastructure expenses.
Albertville City Administrator Adam Nafstad noted the city council has worked very hard towards paying down debt without jeopardizing essential services. The city has been able to reduce overall operation costs, while continuing to budget and fund needed equipment repairs and building maintenance.
The 2014 property taxes are comprised of city, school district, and county tax levies, and all three jurisdictions host public hearings and welcome comment from residents.
Residents with questions or concerns regarding the proposed budget are encouraged to contact Albertville Finance Director Tina Lannes at 497-3384 in advance of the hearing.