Duluth holds first of three hearings on 2018 millage rate

The Duluth City Council held the first of three public hearings July 23 to set the 2018 millage rate. The city is proposing to keep the tax millage rate the same at 6.551 instead of reducing to the rollback rate of 6.288 mills. The Fiscal Year 2019 budget tentatively adopted by the city requires a millage rate higher than the rollback millage rate to avoid a reduction in services or the need to access $1,070,63 in financial reserves to balance the budget.

Property value reassessments have added the equivalent of .263 mills, representing $364,828 in revenue. The remaining funds will be met by keeping the millage rate steady at 6.551 mills. For an individual with a home valued at $200,000, property taxes will increase by about $20.

The council will hold the second public hearing at 10 a.m. Aug. 13 and a third public hearing at 7 p.m. Aug. 13. Both hearings will be held in City Council Chambers, 3167 Main St.. View the FY2019 budget: www.duluthga.net/FY19DraftBudget.pdf.