The City Council will vote to adopt a final 2022 budget this month. In September, the Council approved a preliminary 2022 property tax levy increase of 2.75%. The preliminary tax levy can be reduced, but not increased, before final adoption.
This levy would fund 68.8% of the City’s 2022 general fund budget. The remainder of the proposed budget would be supported by lodging and admission taxes, license and permit fees, grants and program revenues. The average 2022 preliminary tax levy increase for 15 similar metro area cities is around 5%. At 2.75%, Bloomington’s preliminary levy increase is the lowest among those 15 cities.
The City Council will hold a truth-in-taxation public budget hearing Monday, December 6, 6 p.m., at Bloomington Civic Plaza, 1800 West Old Shakopee Road. For instructions on how to participate in person or virtually, visit blm.mn/cc-1206 or call 952-563-8790.
For detailed information, including presentation slides from information sessions and recaps of City Council budget discussions, visit blm.mn/budget.