N@N

Minneapolis City Council passes budget that comes with increased property taxes and with criticism from the mayor

The Minneapolis City Council has approved a $1.8 billion budget for 2024, which includes a 6.2% increase in property taxes, marking the largest tax hike in over a decade. This decision has drawn criticism from Mayor Jacob Frey, who vetoed the budget due to concerns over the tax increase and the reallocation of funds from police to other departments. Despite the veto, the council overrode it with a 10-3 vote. The budget aims to fund various city services, including public safety, housing, and environmental initiatives, but the significant tax increase has sparked debate about its impact on residents, particularly those on fixed incomes. The mayor expressed disappointment, highlighting that the budget could have been balanced without such a substantial tax rise.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/minneapolis-city-council-passes-budget-that-comes-with-increased-property-taxes-and-with-criticism-from-the-mayor/ar-AA1vGuRL ]