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Home My WebLink About25-168 - ADMIN Resolution - City Council - 2025/12/15Resolution No. 25-168 Adopting the 2026 general fund budget, other 2026 budgets, authorizing the 2026 final property tax levy Whereas, the City of St. Louis Park is required by Charter and State law to approve a resolution setting forth an annual tax levy to the Hennepin County Auditor; and Whereas, Minnesota Statutes currently in force require approval of a property tax levy and a budget in December of each year; and Whereas, the city council has received the budget information; and Whereas, fiscal responsibility is a necessary part of the stewardship that the city council and staff exercise over the funds of the city, Now therefore be it resolved by the city council of the City of St. Louis Park, that the 2026 General Fund Budget and 2026 Budgets are adopted as presented, Be it further resolved that there are enough dollars in the debt service funds for 2014A and 2016A issuances to make full payments in 2026 with the lowered debt service levy below. Summary of Budgeted Revenues, General Fund General Fund Revenues by type 2026 Final Proposed Budget Local Revenues & Local Sales, total 56,406,202 Property Tax 46,962,146 License and Permits 4,473,658 Charges for Services 3,801,243 Miscellaneous Revenue 1,155,280 Fines and Forfeitures 13,875 Other Financing Sources 2,737,240 State Revenues 2,534,345 Non-State/Non-Federal Revenues Aid/Grants 1,070,609 Federal Revenues 267,000 Use of Fund Balance 300,000 Sale of Fixed Assets/Surplus equipment, Insurance Recovery and Judgment 6,000 Total 63,321,396 Docusign Envelope ID: 9762F053-50F5-4B69-98E2-47225E9191F3 Revenues, All Funds Revenues by fund, excluding transfers* 2026 Proposed Final Budget General 60,584,156 Housing Rehabilitation 803,743 Debt Service 7,655,704 Development EDA 3,564,599 Permanent Improvement Revolving 0 Capital Fund 17,361,999 Cable Television 536,817 Community Development (CDBG) 0 Special Service Districts 318,138 Affordable Housing Trust 9,641,000 Climate Investment 200,000 Opioid Settlement 30,000 Water 14,902,945 Sewer 11,731,282 Solid Waste 7,726,670 Storm Water 5,982,025 Employee Benefits 400,000 Property Casualty 995,934 Vehicles & Equipment 2,428,000 Municipal Building and Infrastructure 2,465,500 Technology 2,821,876 COVID Fund 0 Total 150,150,388 *This table excludes the redevelopment funds as they account for active TIF districts that are governed by their individual agreements authorized by the EDA. The table also excludes transfers between funds to avoid artificially inflating the total revenues into the city. Summary of Budgeted Expenditures, General Fund General fund spending by department 2026 Proposed Final Budget General Fund Citywide 2,690,476 Administrative Services 7,823,118 Community Development 2,851,446 Communication & Technology 3,622,913 Police 16,458,631 Fire 7,105,885 Docusign Envelope ID: 9762F053-50F5-4B69-98E2-47225E9191F3 Building & Energy 4,199,830 Public Works 3,940,382 Engineering 1,178,534 Parks & Recreation 13,450,181 Total 63,321,396 Expenditures, all funds Expenditures by fund, excluding transfers* 2026 Final Proposed Budget General 63,166,396 Housing Rehabilitation 53,000 Debt Service 8,290,767 Development EDA 3,526,780 Permanent Improvement Revolving 0 Capital Fund 17,436,999 Cable Television 536,817 Community Development (CDBG) 0 Special Service Districts 348,138 Affordable Housing Trust 9,641,000 Climate Investment 250,000 Water 14,092,484 Sewer 10,642,608 Solid Waste 7,448,988 Storm Water 5,575,101 Employee Benefits 400,000 Property Casualty 995,934 Vehicles & Equipment 2,428,000 Municipal Building and Infrastructure 2,465,500 Technology 2,821,876 COVID Fund 0 Opioid Fund 30,000 Total 150,150,388 *This table excludes the redevelopment funds as they account for active TIF districts that are governed by their individual agreements authorized by the EDA. The table also excludes transfers between funds to avoid artificially inflating the total revenues into the city. Interfund Transfers 2026 Final Proposed Budget Revenues, Total 3,632,303 Transfers In (Transfer from Sewer Utility Fund) 1,088,674 Docusign Envelope ID: 9762F053-50F5-4B69-98E2-47225E9191F3 Transfers In (Transfer from General Fund) 155,000 Transfers In (Transfer from Water Utility Fund) 810,461 Transfers In (Transfer from Housing Rehab Fund) 750,743 Transfers In (Transfer from Storm Water Utility Fund) 406,924 Transfers In (Transfer from Solid Waste Utility Fund) 277,682 Transfers In (Transfer from Development EDA Fund) 37,819 Transfer In (Transfer from 2014A GO) 105,000 Expenses, Total 3,632,303 Transfers Out (Transfer to General Fund) 2,737,240 Transfers Out (Transfer to 2022B GO Bond Fund) 362,978 Transfers Out (Transfer to 2019C TXBL Go HIA) 291,535 Transfers Out (Transfer to 2012A GO Bond Fund) 85,550 Transfers Out (Transfer to Park Improvement Fund) 75,000 Transfers Out (Transfer to Special Services Dist 1) 30,000 Transfers Out (Transfer to Climate Investment Fund 50,000 Be it further resolved by the city council of the City of St. Louis Park, that the following sums of money be levied in 2025, collectible in 2026, upon the taxable property in said City of St. Louis Park for the following purposes: Tax Capacity Based Levy 2025 Adopted Budget 2026 Final Proposed Budget General Fund 38,808,815 45,551,333 Debt Service levy 6,856,220 5,792,684 HRA levy (Affordable Housing Trust (AHTF) Fund) 1,194,133 1,194,133 Technology 1,538,465 0 Park Improvement Fund 510,000 410,000 Municipal Building and Infrastructure 685,031 0 Employee Benefits 200,000 400,000 EDA levy 187,000 375,000 Total 49,979,664 53,723,150 Docusign Envelope ID: 9762F053-50F5-4B69-98E2-47225E9191F3 Reviewed for administration:    Adopted by the city council December 15, 2025:                    Kim Keller, city manager    Nadia Mohamed, mayor         Attest:                         Melissa Kennedy, city clerk      Docusign Envelope ID: 9762F053-50F5-4B69-98E2-47225E9191F3