In the latest update to our “It’s Hitting Home” series, city and county officials in the Mankato area discuss the “perfect storm” that will hit local property taxpayers as a result of state aid cuts.
Mankato:
2010 budgets worrisome, Mankato Free Press (8/28/09)
State aid is slashed. Property values are dwindling. According to Blue Earth County Administrator Dennis McCoy, that combination creates “the perfect storm.” Even though spending is staying essentially flat in the area, home and business owners will see an increase in their property taxes just so that cities and counties can provide an adequate level of services.