Each year, City staff creates and present an annual budget for the City Council to review and modify. The budget includes expenditures and revenues for the General Fund, Capital Improvement Plan, Debt Service Funds, Enterprise Funds, various Roads funds, and Special Revenue Funds. A preliminary budget is adopted by the Council by the end September each year, which is submitted for certification to Hennepin County. Once submitted, the preliminary levy can be lowered, but not raised. Final budget is approved by the City Council in December each year.
Things to know about the 2022 City Budget:
Timeline:
- August 2, 2021- Initial discussion on proposed 2022 Levy and Budget
- August 16, 2021- Discussion on proposed 2022 levy and budget
- September 20, 2021-Adopt preliminary deadline
- October 4, 2021- Water Operational and Capital Funds Discussion
- October 18, 2021- Sewer Fund and Surface/Storm Water Discussion
- November 1, 2021- Recycling Fund and Pavement Management Plan Discussion
- November 15, 2021- Park Dedication and Tree Replacement Funds discussion
- December 6, 2021- Adopt final 2022 budget
- December 6, 2021- Adopt 2022 Fee Schedule
Final 2022 City Budget:
The City Council approved and adopted the Final 2022 Budget on December 6, 2021. The goals and challenges of the 2022 budget include ensuring the City's financial stability, address the Capital Improvement needs, monitor staffing and benefit levels to match service leves, and continue funding the Pavement Management Plan. The approved budget has a tax levy increase of 5.53%. With a 3.3% grown in the City, below you can see impact to a home in Minnetrista.
If you have any questions about the 2022 Budget, please contact Finance Director Brian Grimm at 952-241-2516.
Proposed preliminary 2022 City Budget:
City staff proposes a preliminary levy increase of 4.47% (4.45% net levy increase) from 2022. Keep in mind, the preliminary budget is adopted by the City Council by the end of September each year. Once submitted, the preliminary levy can be lowered, but not raised. The below factors are contributing to the proposed increase:
- Additional dollars on road in conjunction with the pavement management plan and maintenance of gravel roads
- Additional $50,000 in levy dollars for the Capital Improvement Plan (CIP) Equipment.
- General Fund levy increase of about $116,000.
- Hiring additional Police Officer and Public Maintenance worker in 2022
- Budgeted salary increases per union contracts and non-union employees
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