01-02 Jan/Feb 2023 Arden Hills Notes

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Arden Hills notes • JAnuAry /FebruAry 2023 • 1 The Official City Newsletter for Arden Hills Residents January/February 2023 City Adopts Budget and Approves Tax Levy The annual Truth-in-Taxation Hearing was held on December 12, 2022 at Arden Hills City Hall. City staff presented information regarding the 2023 budget and tax levy. The City Council adopted a 2023 property tax levy of $4,718,680. This sets the city’s property tax levy increase for 2023 at 5.5 percent, which is less than the preliminary levy rate set in September 2022 of 7.0 percent. In 2023, the city tax rate is projected to decrease by 9.0 percent. The tax rate is just one factor in calculating a tax bill, and with median property values increasing by 15.33 percent, many property owners will see their total tax bills increase. Home values are determined by the Ramsey County Assessor’s Office. The impact of a 5.5% levy increase translates to a $56.87 increase in annual city taxes, or a $4.74 increase per month, paid by resident owners of median valued homes. Arden Hills continues to have one of the lowest tax rates in Ramsey County. In Arden Hills, the levy is split between the General Fund ($4,098,680), the Economic Development Authority Fund ($100,000), and Capital Funds ($520,000). What your Arden Hills Tax Dollar Buys You TYPE OF TRANSACTION BALANCE Public Safety $39.11 General Government $18.58 Parks & Recreation $11.23 Public Works $11.43 Capital $ 7.46 EDA $ 1.43 TOTAL PER MONTH $89.24 A $443,550 home (the average in Arden Hills) generates $1,071 in annual City property taxes, or $89.24 per month for 2023. (article continued on page 3) Mayor Grant, Councilmember Holden, and local business representatives celebrate the kickoff of the "Welcome Back to Lexington" campaign. Welcome Back to Lexington Campaign Kickoff Mayor Grant, Councilmember Holden, City Staff, and other stakeholders kicked off the "Welcome Back to Lexington" campaign on January 17 at the Shoreview YMCA. The Twin Cities North Chamber of Commerce (TCN), in partnership with the cities of Arden Hills and Shoreview, has been awarded a Critical Corridors Grant from Ramsey County. This grant, along with contributions from Arden Hills and Shoreview, has funded the campaign to promote local businesses and encourage shoppers to patronize the many establishments along Lexington Avenue. TCN's goal is to provide support and assistance to the lcoal businesses who were impacted by the Lexington Avenue construction project. You can find more information on the campaign at www.backtolexington.com