St. Peter Sets Tax Levy 14 Sep 11

The St. Peter City Council has approved a preliminary property tax levy increase of zero percent for the community, for the second year in a row. Local property taxes in St. Peter will remain unchanged again in 2012, with the city expecting to collect around $2 million worth of tax revenue. City officials say that all city services will be retained next year despite the zero percent increase. St. Peter used $100,000 from it’s reserve fund last year in anticipation of Local Government Aid cuts, but does not expect the need to dip into those funds again this coming year. The final approval for St. Peter’s 2012 budget and tax levy will come in December.