NEW ULM SETS PRELIMINARY TAX LEVY

The city of New Ulm is reviewing its preliminary budget of $28.8-million for 2026 which includes a preliminary property tax levy of $11.3-million.  This would be an 8.16% increase in the tax levy from last year and a slight decrease from the 9.79% preliminary levy estimate from August.  The city council was comfortable with  setting the tax levy at 8.16%.  That number can be lowered but can no longer be raised.   The city will see a $12,000 increase to Local Government Aid.  Health insurance costs were one of the highest increases in the budget.  The council will hold a Truth in Taxation public hearing December 2 at 6 pm with a continuation hearing, if needed on Tuesday, December 16 before approving the final 2026 budget.