Opinion editor's note: Editorials represent the opinions of the Star Tribune Editorial Board, which operates independently from the newsroom.
•••
Minneapolis Mayor Jacob Frey's proposed 2024 budget focuses on familiar but critical priorities — public safety and police reform, housing, and parks and roads.
It also carries a high price tag. Under the proposed $1.8 billion spending package unveiled Tuesday, the city's property tax levy would jump about 6.2%, and the owner of a $331,000 home would see an annual property tax increase of $150 to $160.
That's about the same increase as last year, even though the city benefited from a forecasted 1.6% increase in revenue — a combination of increased state local government aid funds, increased property values, and increased economic activity from downtown events such as marquee concerts.
On behalf of taxpayers, we urge the City Council to listen to public feedback and carefully review the spending targets before a final budget is adopted before the end of the year. Property owners could also see increases from the Minneapolis Public Schools and Hennepin County.
Frey noted in an interview with the Star Tribune Editorial Board that the budget delivers on promises made to residents and is rooted in collaboration with council members as well as leaders of other units of government.
During his Tuesday address, Frey named each of the 13 council members and mentioned something they'd requested that he had included in his plan — evidence, he said, of a "collective budget." He told editorial writers that all council members got something in the budget that was either their first or second choice.