The city of Brainerd's overall property tax rate will drop about 16 percent in 2002, going lower than the city of Baxter's tax rate for the first time in recent memory.
Brainerd's property tax rate is estimated to fall from 110 percent in 2001 to 95 percent in 2002, City Administrator Dan Vogt reported at Tuesday's Brainerd City Council meeting to discuss the 2002 budget and levy. Vogt said Baxter's tax rate is estimated to be about 103 percent.
The lower tax rate is attributed to the property tax reform the Legislature enacted earlier this year. The rate could change, however, because of the school referendum just passed.
The proposed city budget for 2002 includes $9,782,479 in expenditures, compared to $8,800,572 in 2001. Personnel cost increases represents the major jump in estimated expenditures.
The proposed budget also includes $9,974,230 in revenues, compared to $8,863,459 in 2001. The increase in revenues is, in part, attributed to an increase in state aid.
The council took no action Tuesday on the proposed budget and levy.
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