NU City Council Sets Tax Levy 04 Sep 13

The New Ulm City Council on Tuesday reviewed the preliminary budget and tax levy for the city for 2014. The proposed property tax levy increase for New Ulm next year had been around $68,400, which would be a hike of just over 1%, but the Council approved a 3% increase with the intention of lowering it in the future. New Ulm City Manager Brian Gramentz says that the 1% increase came from putting together a “bare bones” budget after looking at all the anticipated budget increases, but it does not include any additional requests. The proposed budget for New Ulm for next year increases expenditures by more-than $526,000, and keeps the tax increase down by using around $773,000 from several reserve funds. New Ulm will see an increase of nearly $111,000 in Local Government Aid next year as well. A series of public meetings on the budget and tax levy will now be held prior to final approval in December.