Rochester, MN  (KROC AM News) - The Olmsted County Board Tuesday set the maximum property tax levy for next year.

The $90 million figure is an increase of $4.4 million or 5.2 percent over the current levy of $85.6 million. The board will set the formal levy when it adopts the 2016 budget in December and it can be lower but not higher than the figure that was approved on a 5-2 vote. Commissioners Jim Bier and Matt Flynn voted against the recommendation.

The Board Tuesday also awarded a bid for the long-planned 55th Street extension project. The low and winning bid of $32.8 million was submitted by Hoffman Construction Company.

The overall project calls for the extension of 55th Street from near Essex Park to North Broadway. Work will also be done on the stretch of North Broadway between the new 55th street connection on the north and 37th Street on the south.

Some work will be done this year but the bulk of it will take place next year and in 2017. It is scheduled to be completed by September 1st, 2017.

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