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Financial Outlook <br />A number of local economic factors played a role in setting next year’s budget, utility rates and fee schedule: <br />The City made operational adjustments including a modest property tax increase and the limited <br />use of cash reserves to ensure that the City’s core services are funded in a manner that preserves <br />the greatest value to the community. <br />New building permit fees were added, existing permit fees and plan review fees were increased to <br />reflect the rising administrative, attorney and inspection costs incurred by the City. In addition, user <br />charges for proprietary funds were also changed to reflect current and anticipated conditions and <br />asset replacement needs. <br />These factors were considered when the City of Roseville prepared its 2022 budget. <br />R EQUESTS F OR I NFORMATION <br />The financial report is designed to provide our citizens, customers, investors and creditors with a <br />general overview of the City’s finances. If you have questions about this report or need any <br />additional information, contact the Office of the Finance Director, 2660 Civic Center Drive, <br />Roseville, MN 55113. <br />28 <br /> <br />