Early look at 2019 North Mankato budget shows 8-percent increase in property values

By |2018-06-06T15:28:03-05:00June 6th, 2018|

Discussions on the 2019 North Mankato budget are already underway and it looks as if property values are increasing by 8-percent next year. Finance Director Kevin McCann says they are looking at what that number will do to the city's tax rate.   "Some indications are that if we just kind of kept things the way they are, we could possibly lower the tax rate. Or else if we kind of maintain the tax rate with such a big increase, we'd have additional funding to possibly set aside for some of those capital projects that have been kind of sitting on the back [...]