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St. Cloud State University
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St. Cloud property taxes on the rise
Published:
Thursday, July 31, 2003
Due to cuts in state aid to cities, local property taxes could go up half a million dollars more than last year.
Residents who live in houses worth less than $150,000 are most at risk to see their property taxes go up. Those who live in high-value homes will not see the same kind of increase because their houses are not gaining value. Lesser-value houses are in higher demand and will, therefore, be receiving a tax increase.
The St. Cloud budget will be without almost $3 million from the state this year and the city has decided to make increases in several other areas to save money. Nearly $500,000 will come from an increase in parking fines of ten dollars in all areas that are not metered. Also, the because of the budget problem, it is possible there will be no increase in city workers' salaries over the next year.
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