In a move towards fiscal responsibility, the city of Isanti has put forth a proposal to keep its tax rate unchanged for the upcoming year. The decision comes after the city has seen an average tax rate of 65.526% over the past fifteen years, with a slight decrease to 44.798% in 2024.
Council Holds Firm on Tax Rate:
During a recent meeting on September 3, the Isanti City Council unanimously agreed to maintain the current tax rate for 2025. This decision is in line with the council's ongoing efforts to lower the general fund levy and ensure financial stability for the city.
Budget Approval Process:
Finance Director Mike Betker highlighted that once the preliminary budget and levy for 2025 are approved, there is no room for an increase, only a potential decrease. The council is now tasked with finalizing the budget and levy by the end of December, emphasizing the importance of prudent financial planning and responsible decision-making.
As Isanti looks towards the future, the focus remains on maintaining a steady tax rate while prioritizing the city's financial well-being. With a commitment to fiscal responsibility, the council aims to continue serving its residents efficiently and effectively in the years to come.