2022 Budget

Annual Budget

The City's annual budget is the financial plan for City operations for the coming year; a planning tool used by the City Council to guide policy decisions and by City Staff to carry out community and Council initiatives. The preparation of the City budget is mandated by state statute. The City of Cottage Grove uses a two year budget model to assure that initiatives from one year do not create subsequent year deficits. Revenues and expenditures are estimated based on historical trends and anticipated events.

Property Tax Levy

The Property Tax Levy necessary to fund City operations each year is determined during the annual budget process. The Property Tax Levy includes funds for general operations, debt service and other special levies for specific purposes.

On July 28th and August 11th, City staff members presented a balanced 2022 budget proposal to the City Council. The proposal calls for a modest levy increase of 4.26% after Department Directors were required to hold the line on operational spending. Since Washington County estimates Cottage Grove's tax base will grow 6% in 2022, the City will have the lowest tax rate since 2017. The Council approved the levy on September 15th. Below you'll find the two budget workshop presentations and the preliminary levy presentation from the September 15th meeting.

To watch the City 2022 budget video, click here.