Unused money from 2012 budget has Minneapolis eying zero percent tax increase
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The city of Minneapolis spent $9.1 million less in 2012 than it had planned, and officials are using most of that untapped money to offset an anticipated property tax increase next year.
The city spent $377.3 million from its general fund in 2012, down from the $386.4 million the City Council budgeted for in the fall of 2011. Chief Financial Officer Kevin Carpenter said the savings come from unused contingency funds and departmental savings.
