Finance

Finance Department
There are 14 full-time staff members working in the Finance Department. The department employs assessors, accountants, billing clerks and support staff.
The Finance Department is responsible for

• Setting the annual tax valuation of 15,000 parcels of real estate and personal property
• Documenting more than 800 residential real estate transactions each year
• Administering special assessments, right-of-way classifications and real estate acquisitions
• Maintaining property records
• Ensuring the short and long-term financial stability of the City by maintaining financial records, managing an $80 million investment portfolio and addressing risk-management issues
• Processing payroll and vendor claims
• Billing 13,500 utility customers for water/sewer and refuse collection services.

Move Up in the Park – Transformation Loan
This deferred loan assists residents making significant expansions to their existing homes, and can be used with the Community Fix up Fund Loans. For more information contact CEE Financial Resources at (612) 335-5891 or e-mail byaritz@mncee.org

• Loan to assist with Significant Home Expansions only
• 0% interest - 3% carrying fee
• This does not cover finishing existing space such as basements, attics or porches
• Household income approx $90,000 (family of 4) or less
• Payment deferred until sale of home or after 30 yrs the loan is forgiven

Revenue Bonds
The City of St. Louis Park will consider issuing private activity revenue bonds for eligible projects.

• (952) 924-2683
• bswanson@stlouispark.org