The Hennepin County Board of Commissioners approved Dec. 17 a 2014 county budget of $1.78 billion — a 0.57 percent decrease from the 2013 budget, and a 0.98 percent increase in the net property tax levy from 2013.
Hennepin County Board Chair Mike Opat said, “The investments represented in the 2014 budget continue to move Hennepin County forward as a leader in the region. We’re able to maintain services — and in many cases enhance them — all while staying fiscally responsible to our residents and businesses.”
In addition, the board, acting as the Hennepin County Regional Railroad Authority (HCRRA), approved an HCRRA budget of $27.7 million, with a proposed property tax levy of $24.0 million — a $3.0 million increase from 2013. The HCRRA seeks to improve rail modes of transportation to reduce traffic congestion and improve mobility.
The board, acting as the Hennepin County Housing and Redevelopment Authority (HCRA), also approved an HCHRA budget of $15.2 million, with a proposed property tax levy of $6.97 million — an increase of approximately $535,000 from 2013. The HCHRA authorizes strategic planning and community engagement to serve the housing and economic development and redevelopment of Hennepin County.
Hennepin County has maintained a top triple-A credit rating from all three rating agencies for 38 years. The top rating reflects strong county management overall, as well as sound financial condition.
To learn more about Hennepin County’s budget, go to hennepin.us/your-government/budget-finance/budgets.