Why is Inver Grove Heights discussing Franchise Fees?

The proposed franchise fees will generate approximately $1,000,000 in revenue annually that will help the city cover unfunded costs relating to city streets, parking lots and trails. On average, the city needs $4,150,000 per year for the next five years to cover costs not paid for from taxes, special assessments or other funding sources. Franchsie fees will help offset the associated costs without increasing property taxes.

Show All Answers

1. What is a Franchise Fee
2. Why is Inver Grove Heights discussing Franchise Fees?
3. Why are franchise fees a better option than increasing the property tax levy?
4. How will franchise fees be reported?
5. When will the franchise fees be implemented?
6. What are the proposed fees and have comparisons of tax impacts vs franchise fees been calculated?
7. How long will the franchise fee be on a bill?
8. What other cities within Dakota County have franchise fees?
9. Are Dakota Elecric and Xcel Energy involved in instituting the franchise fee?
10. Is there an ongoing administration fee charged by Dakota Electric and Xcel Energy for collecting the franchise fee?
11. How can I learn more about franchise fees?
12. What are the proposed monthly fees?
13. Have comparisons of tax impacts vs franchise fees been calculated?
14. Franchise Fee Calendar