North Mankato City Council approves 2025 budget and tax levy
The North Mankato City Council approved a 2025 budget and tax levy at their meeting Monday night.
The total budget levy will be $9,582,889 million, a 9.5% increase from the 2024 levy of $8,752,092.
A full breakdown of changes can be found in the chart below:
| Final 2024 Levy | 1.664% Rate Increase 2025 | +/- 2024 | |
| General Fund Levy | $5,794,592.00 | $5,955,031.00 | + $160,439.00 |
| Port Authority | $75,000.00 | $75,000.00 | $0.00 |
| Debt Service | $1,527,666.00 | $1,526,901.00 | -$765.00 |
| Tax Abatement | $472,334.00 | $473,099.00 | + $765.00 |
| Capital Levy | $882,500.00 | $1,552,858.00 | + $670,358.00 |
| Total Tax Levy | $8,752,092.00 | $9,582,889.00 | |
| Levy Increase | $830,797.00 | ||
| % Increase | 12.93% | 9.49% | |
| New Growth | $111,455.00 | ||
| Tax Rate & Est. Tax Rate | 45.81% | 47.48% | |
| Tax Rate Change | 1.79% | 1.66% |
