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 2024 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 provide additional engagement opportunities for residents who wish to participate in the budget process. 

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

January 6, 2023

Goal Setting

April 2023

Open Book meetings

Hennepin County Assessor's office will host meeting sessions for the purpose of discussing property valuations that will be used for 2024 taxes. Valuation notices will include an insert providing additional information. Taxpayers may also call the assessor at any time to review valuation.

April - July 2023

Internal Preparations

  • 2022 Audit 
  • Departments prepare Operating, Equipment (ERP) and Capital (CIP) Budgets

June 20, 2023

Review updated Financial Management Plan

July 11, 2022

Review First Draft 2022 Tax Levy and General Fund Budgets

August 8, 2023

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

August 14, 2023

Budget Engagement Session on 2024 Budget and Tax Levy
The City will host a budget engagement session at City Hall.  View last year's Budget Engagement Session below:

September 5, 2023

Approve Preliminary Tax Levy and General Fund Budget

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

October 10, 2023

Review Special Revenue Fund Budgets, Enterprise Fund Budgets, Activity Center Budget and Utility Rates

Storm SewerRefuse
Chemical AssessmentParking
Economic DevelopmentDepot
Activity CenterArts Center

November 6, 2023

Approve Utility Rates

December 4, 2023

Truth-in-Taxation Hearing 

December 5, 2023

Approve Final Budget and Tax Levy

Questions or comments?

Please use this form to submit any general comments or questions about the budget process.