Friday, November 20, 2009

Pequot Levy Holds Steady

The State of Minnesota claims local property taxes will go up by 3.5% next year, following state aid cuts from Governor Tim Pawlenty.

However, Pequot Lakes Mayor Nancy Adams tells KLKS News, their their levy request will actually go down slightly. She says services will be reduced. There have been cuts to the police and sewer budgets, and only one street project is planned next year. And, there is little money for emergencies.

Pequot Lakes lost $116,000 in local government aid from the state. City revenues from property taxes have also taken a hit as residential property values in Pequot Lakes have been reduced by 15 percent. Mayor Adams is requesting business property values also be reevaluated downward.

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