Isanti City Budget Update

We will be proposing a zero increase in taxes and a 3% cut in City spending. The total amount of spending cuts the last 2 years is over 6%. There is also a zero percent increase in employee pay along with many other cuts in spending. This may not seem like much but most communities will be seeing significant tax increases. We are also balancing out an 18% increase in insurance, significant changes in taxes to be collected and unpaid assessments.

The zero percent increase is the worse case situation depending on the numbers from the County. The County will be sending us their valuation of Isanti's tax base a few weeks after our preliminary levy has to be sent to the state. Backwards yes but that is the law we must follow. If the valuations come in higher then our reduced expectations then a further cut in taxes is possible.