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2015_Approved Budget and CIP.pdf
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2015_Approved Budget and CIP.pdf
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City of Roseville — 2015 Budget <br />A 10-year cumulative summary of the tax levy increases as compared to the local inflation rate is shown <br />below. The local inflation rate represents the price increase for a typical household's purchases. <br />70.0% <br />60.0% <br />� <br />50.0% <br />40.0% <br />30.0% <br />20.0% <br />� 10.0% <br />0.0% <br />2005 - 2014 Cumulative Increase <br />2005 2006 2007 2008 2009 <br />t % Change in Levy <br />2010 2011 2012 2013 2014 <br />—F % Change in CPI <br />Over the past 10 years, the increase in the tax levy has outpaced the inflation rate. This is largely the <br />result of added capital replacements associated with the construction of a new fire station and park <br />renewal program. It's also the result of renewed investment in the City's vehicle and equipment <br />replacement program. <br />Another benchmark that is oftentimes used is a comparison of local property taxes among comparable <br />cities. Although the comparison somewhat masks local needs and preferences, it nonetheless provides a <br />general picture of each City's tax burden. <br />2014 Local Property Taxes <br />Municipalitv <br />Brooklyn Center <br />Richfield <br />Savage <br />Fridley <br />Maplewood <br />Inver Grove Heights <br />Cottage Grove <br />Andover <br />Shakopee <br />Oakdale <br />Roseville <br />Shoreview <br />Ciry <br />Taxes * <br />$ 1,594 <br />1,386 <br />1,189 <br />1,044 <br />1,040 <br />1,002 <br />938 <br />932 <br />891 <br />886 <br />863 <br />806 <br />* For cities within the Twin Cities Metropolitan Area, serving a population between 25,000 - 45,000; and for a home <br />valued at $215,000 <br />12 <br />
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