Chaska Faces General Fund Deficit in 2012 19 Aug 11

For the third year in a row, Chaska will levy $4.88 million in taxes for 2012.

Last year, the Chaska City Council raised the city’s tax rate to keep the levy steady despite a decrease in home values. For the 2012 fiscal year, Chaska is facing a $400,000-plus deficit in the general fund budget.

City Administrator Matt Podhradsky discussed staff’s recommendations for the 2012 levy at a city council work session Monday night. To fill the gap, staff is recommending another round of deferments and reductions.

The result on the average Chaska homeowner will be a $9 reduction in city property taxes. Podhradsky stressed that the city’s taxes will remain among the lowest in the metro.