News By Category: City Budget
Property owners began receiving proposed 2012 property tax statements in the mail this week. While these statements show the total proposed tax for each property, City taxes make up just one portion.
At its Dec 7 meeting, the Golden Valley City Council adopted the City’s 2010 property tax levy and the 2011-12 Biennial General Fund budget. The 2012 budget is for future planning purposes and is approved in concept only.
At a Council/Manager meeting Nov 9, City Council directed staff to use the remaining Valley Square tax increment funds to reduce the City’s debt levy and proposed 2011 property tax levy by $160,000.
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