HomeMy WebLinkAbout25-113 - ADMIN Resolution - City Council - 2025/09/15Resolution No. 25 - 113
Approving 2026 preliminary property tax levy, and setting public hearing date
for the 2026 budget and 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 require approval of a preliminary property tax levy on or
before September 30th of each year; and
Whereas, the city council has received the proposed budget information; and
Whereas, after the approval of the proposed EDA and HRA levies by the EDA and City
Council in addition to the general (including Park Improvement, and Employee Benefits funds)
and debt service levies below, the overall preliminary levy increase will be 8.02 percent.
Now therefore be it resolved that the truth in taxation public hearing will be held on
December 1, 2025; and
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;
and
Be it further resolved that the City Council of the City of St. Louis Park, Hennepin
County, Minnesota, that the following sums of money be levied for collection in 2025 upon the
taxable property in said City of St. Louis Park for the following purposes:
2025 2026
adopted proposed
Tax capacity-based tax
levy levy levy
General
$41,742,311
$46,626,333
Debt service 6,856,221
5,792,684
Total
$48,598,532
$52,419,017
And
Be it further resolved that the chief financial officer is hereby authorized and directed
to transmit this information to the County Auditor of Hennepin County, Minnesota and the
Minnesota Department of Revenue, if applicable, in the format requested as required by law.
Docusign Envelope ID: A9B54A2D-B967-401B-B61F-6B45E7652EB0
Reviewed for administration: Adopted by the city council September 15, 2025:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Docusign Envelope ID: A9B54A2D-B967-401B-B61F-6B45E7652EB0