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Minneapolis Mayor Jacob Frey is proposing to hike his city’s property tax levy by 7.8% next year, which would be the largest levy increase since 2010.

According to combined media reports, under the mayor’s proposed budget the owner of a $333,000 Minneapolis home will have to pay $2,272 in city property taxes next year, an increase of $240.

Frey’s proposal is part of a $2 billion budget proposal that includes $23 million in cuts to municipal spending. Frey warned the tax levy hike would have been 13% if the city maintained its current spending level.

Among the spending cuts being proposed are the “double time” overtime pay for Minneapolis police, $7 million from personnel budgets, the cancelation of the annual Community Connections Conference, and a $150,000 reduction in food and beverage spending across government departments.

“This is not an austerity budget – this is a recalibration,” said Frey, who is running for re-election this fall. “And let’s be real: Part of responsible budgeting this year was also planning for the unknown. Washington, DC, is in chaos. Federal cuts have become a regular threat, and with Donald Trump in office, the uncertainty isn’t just about politics, it’s about whether cities like ours can rely on federal partnership at all.”

Whether Frey’s budget passes remains to be seen. With last year’s budget, the City Council cut the mayor’s proposed 8.3% tax levy increase to 6.8% – Frey vetoed the council’s budget but his overridden by a 9-4 council vote.

Photo courtesy of Mayor Frey’s Instagram page