Sponsor: Community & Economic Development
Title
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Approval of the 2025 Ramsey County Housing & Redevelopment Authority Supplemental Budget and the 2025 Tax Levy
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Recommendation
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1. Approve the 2025 budget of $13,346,926.
2. Approve the 2025 tax levy of $13,584,665, a 5.6% increase over the 2024 HRA levy.
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Background and Rationale
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The proposed 2025 Ramsey County Housing & Redevelopment Authority (HRA) budget is $13,346,926. The HRA Board certified a proposed maximum levy of $13,584,665 for 2025 on September 24, 2024, which represents an increase of 5.6% from 2024 and is the maximum allowed under state law.
2025
HRA Total
Budget $13,346,926
Revenues -
Fund Balance + __________
Subtotal $13,346,926
Estimated Tax
Delinquency + $ 237,739
Total Tax Levy $13,584,665
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County Goals (Check those advanced by Action)
☒ Well-being ☐ Prosperity ☐ Opportunity ☐ Accountability
Racial Equity Impact
The 2025 RCHRA proposed budget and tax levy allows the HRA to implement eligible strategies from Ramsey County’s Economic Competitiveness and Inclusion Plan (ECI Plan) by investing in projects and programs that specifically aim to reduce racial disparities in housing and investments in the built environment. These strategies include increasing the supply of deeply affordable rental units and pathways to homeownership.
Ramsey County has large racial disparities between residents of color and white residents in accessing housing and homeownership. These disparities include a disproportionate number of African American and American Indian experiencing homelessness compared to white residents. Generally, residents of color are more likely to rent than own their own home and be cost-burdened by hosting costs compared to white residents. To undo these historical and lasting inequities, inclusive investment is needed in communities that have experienced historic wealth extraction.
Community Participation Level and Impact
In preparation for the proposed HRA budget and levy, Ramsey County elected officials and staff engaged cities across the county through presentations and conversations with elected bodies about the opportunities and impacts of the proposed action. Furthermore, Community and Economic Development staff hosted monthly Economic Development Summits to gather feedback on proposed programming in the ECI Plan. The strategies and goals described in the ECI Plan directly respond to the findings of a robust engagement with residents, businesses, non-profits, developers, and city partners.
The purpose of this board action is to inform. This is one action in the larger county process of proposing and approving its budget. The process has involved informing and consulting through community budget conversation, board presentation, and public hearings held in 2023 and will continue through 2024.
☒ Inform ☐ Consult ☐ Involve ☐ Collaborate ☐ Empower
Fiscal Impact
Ramsey County Housing and Redevelopment Authority approval and adoption is required for the 2025 HRA supplemental budget and the 2025 HRA proposed tax levy. The amounts approved with this action are reflected in the 2025 proposed budget as presented to the Ramsey County Board.
Last Previous Action
On September 24, 2024, the Ramsey County Housing and Redevelopment Authority approved setting the maximum tax levy of $13,584,665 (Resolution H2024-010).
On September 17, 2024, the County Manager and service teams presented the 2025 supplemental budget and performance measures to the Budget Committee of the Whole.
On September 16, 2024, the County Manager and service teams presented the 2025 supplemental budget and performance measures to the Budget Committee of the Whole.
On August 27, 2024, the County Manager presented the 2025 supplemental budget and performance measures to the Board of Commissioners.
Attachments
None