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The Sleepy Eye Herald Dispatch - Sleepy Eye, MN
  • SE City Council approves 2014 budget

  • The Sleepy Eye City Council approved the 2014 budget and tax levy certification at their Tuesday meeting.
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  • The Sleepy Eye City Council approved the 2014 budget and tax levy certification at their Tuesday meeting.
     
    The budget includes 5.7 percent ($65,670) and 3.44 percent ($39,670) levy reductions from the 2013 total levy of $1,152,110. While street capital funds will be $60,000 less than in 2013, contingency funds will be $135,000 greater than 2013.
     
    City Manager Mark Kober noted that overall the levy is about $39,000 less than last year, about a 3.44 percent reduction.
     
    “Overall, taxes will go down,” Kober said. “The biggest difference this year is because LGA was increased in the state back to the level we saw in 2007. The council said they would like to extend that savings on to the taxpayer who bore the burden of the LGA cuts over those years. So that’s what we’ve done with this budget.” 
     
    According to Kober, when the legislature set the new budget they put a new levy on the city for the 2014 tax year at about $1,000 lower than last year at $538,590.
     
    In addition, there is potential savings with a sales tax exemption the state legislature put together. It is estimated that the city will save an estimated $30,000 to $50,000 with the sales tax exemption.
     
    “It is a complicated formula and it is difficult to get a number exactly because some of the things that were exempt before will not be,” Kober explained. “But when you consider 6.875 percent on all of our purchases that can add up pretty quickly.”
     
    The biggest trim in the budget was in general taxation with the special levy staying virtually the same as last year.
     
    The Brown County Auditor must receive certification by Dec. 30.
     
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