NU sets an 8.49% preliminary tax levy
NEW ULM – The New Ulm City Council approved setting the preliminary 2027 budget with a maximum property tax levy of $12,192,367, an 8.49% increase over last year. Once set, the preliminary levy cannot be raised. The City Council could make adjustments to the budget to decrease the tax levy, but it cannot go above 8.49%. City of New Ulm Finance Director Nicole Jorgensen provided the council with an overview of the 2027 budget. Jorgensen said overall, the preliminary budget came in lower than anticipated. The city was looking at a dramatic increase to health insurance costs in ...