Local governments across Minnesota have now adopted proposed budgets and tax levies for 2015. Here are some notable developments from around the state: The Cloquet school board approved a 14 percent preliminary tax levy hike for 2015. Major levy increases are nothing new for the district, as they approved a 15.2 percent hike last December.
New wheelage tax: Isanti County commissioners approved a $10 wheelage tax this month. According to the Isanti County News, county finance director Chad Struss said, "the projected $339,000 revenue is equivalent to a 2 percent property tax levy increase." In a memo to the county board, Struss explained: "From a budget standpoint, the additional revenue would certainly be helpful. The 2015 budget will be difficult to balance without an increase in the property tax levy or a reduction of service le...
Monticello's model broadband effort in peril TOM MEERSMAN, Star Tribune June 7, 2012 But Monticello says it won't abandon FiberNet's 1,700 customers. Once seen as a national model, Monticello's broadband network can no longer pay its bills. The city, about 40 miles northwest of the Twin Cities, notified banks and bondholders Wednesday that it will no longer make debt service payments on $26 million worth of revenue bonds that were sold to build the fiber optic system in 2009.
Is city headed toward default of $26 million in bonds? The City of Monticello has notified bondholders that it plans to stop repayment of $26 million in bonds for the troubled FiberNet Monticello telecom system, due to a shortfall in operating revenue from telecom subscribers. This development marks the most dramatic step yet in the downturn for what was once a nationally touted municipal telecom model.
Hiawatha Broadband Communications pulls out amidst a range of concerns-- The news just keeps getting worse for the troubled Monticello publicly financed telecom system. Recent news reports and events continue to confirm that Mayor Clint Herbst was right when he admitted “we shouldn’t be in the telecommunications business at all”. Following up on the heels of FiberNet’s 2011 loss of $2.6 million (in spite of receiving a one-time $1.5 million legal settlement), ...
A Freedom Foundation of Minnesota analysis of Lobbying Disclosure Act filings finds that Minnesota’s local governments spent more than $1.1 million to lobby the federal government in 2011, and at least $3.7 million since the start of 2009.
The biggest spenders in 2011 were the City of Minneapolis ($180,000), Hennepin County ($140,000), and Anoka County ($116,000).
Sign up today for our e-update to find out what is going on in your state and local government.
We will do our best to uncover the wasteful spending you report.
Subscribe to our RSS feed!