Corcoran proposes 5.9% budget increase

The Corcoran City Council will conduct a public hearing on its 2014 city budget and on the amount of property taxes it is proposing to levy to pay for the costs of services the city will provide in 2014.

The hearing will be Thursday, Dec. 12, at 7 p.m. at Corcoran City Hall, 8200 County Rd. 116.

The total budget figures compare the city’s 2013 total actual budget with the amount the city proposes to spend in 2014. At this time the 2014 figures are estimates.

The 2014 total General Fund Budget and Debt Levy is proposed at $3,665,929, an increase of $160,104 or 4.6% from 2013.

The 2014 property tax levy for general government and for debt service is proposed at $3,106,700, an increase of $171,963.

The 2013 property tax rate was 46.111%.

The 2014 proposed average property tax rate is 49.802%.

All Corcoran residents and concerned citizens are invited to attend the Public Hearing on the budget proposals and, express their opinions on the budget, the proposed amount of 2014 property taxes, and any other financial concerns.

The proposed 2014 City Budget is available for viewing on the city’s Web site: www.ci.corcoran.mn.us. Click on General Government and then Financials; or is available at the Corcoran City Hall.

The City Council may take action on the proposed budget at this meeting. The City Council will consider all proposals, ideas, and concerns coming out of the hearing. The City Council must approve the 2014 city budget and property tax levy by Dec. 23.

Residents are also invited to send written comments. Address letters to: City of Corcoran, 8200 County Rd. 116, Corcoran, MN 55340; or by email to: general@ci.corcoran.mn.us.

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