Three Rivers Board Will Hold Public Hearing About 2020 Budget
November 01, 2019
The Three Rivers Park District Board of Commissioners has scheduled a public hearing about the 2020 general fund budget and operating levy. The public hearing will be held at 5:30 PM. Thursday, November 14, 2019, at the Three Rivers Park District Administrative Center, 3000 Xenium Lane N., Plymouth.
The proposed 2020 General Fund Operating Budget, which funds the day-to-day operations of parks and trails, totals $43,208,806. This amount represents an increase of 8.46 percent over the 2019 budget.
The largest revenue source for the budget is the property tax levy collected in suburban Hennepin County. The 2020 property tax levy is estimated to be $42,630,464, which is a 2.9 percent increase over the 2019 levy. The property tax levy has two components: an operating levy to fund the budget, and the debt service levy required to fund principal and interest payments due on borrowed funds.
View the proposed budget online. Copies of the budget are also available for review at the Three Rivers Park District Administrative Center.
Following the public hearing, the Three Rivers Park District Board of Commissioners will consider adopting the 2020 general fund budget at the regular board meeting on Nov. 14. The Hennepin County Board of Commissioners is expected to review Three Rivers Park District’s general fund budget on Nov. 19, and the Three Rivers Park District Board will consider approval of the final 2019 property tax levy and reaffirmation of the 2019 general fund budget on Dec. 12.