City Budget Process

Participate in the Budget Process

Approving the City’s Annual Budget is one of the most important decisions made by City Council. The 2026 budget will be based on staff recommendations and input received from the community. 

The public is invited to attend any or all City Council meetings where the budget is discussed. The City will also host an information session for residents who want to learn more about the Budget

The following is a tentative schedule for discussions on important aspects of the City’s Budget.

January 14, 2025

Budget Kickoff

• Goals and Strategic Plan

April 2025

Open Book meetings

Hennepin County Assessor's office will host meeting sessions for the purpose of discussing property valuations that will be used for 2025 taxes. Valuation notices will include an insert providing additional information. Taxpayers may also call the assessor at any time to review valuation.

April - July 2025

Internal Preparations

• 2024 Audit 
• Departments prepare Operating, Equipment (ERP) and Capital (CIP) Budgets

July 2025

Review First Draft 2026 Tax Levy and General Fund Budgets

August 2025

Review Capital Improvement Plan (CIP) and Equipment Replacement Plan (ERP)

August 2025

Budget Information Session on 2026 Budget and Tax Levy

The City hosted an informational session on the City's 2026 budget on August 12. The session included a short presentation and time for questions. 

View a copy of the presentation.