## AGENDA ## City Council Work Session Monday, June 22, 2026 ## Council Chambers (following the Regular Meeting at 6 p.m.) 1.Initial 2027-2028 Budget Discussion 2.Adjournment ## AGENDA RECOMMENDATION ## City Council Work Session 1. ## Meeting Date:06/22/2026 ## Agenda Item: ## Initial 2027-2028 Budget Discussion ## Recommendation/Action(s): Discussion/Direction. ## Summary: As the 2027-2028 preliminary budget process has begun, staff are in continued pursuit of better aligning resources with service levels and capital needs. As part of a two-year budget cycle, staff are interested in garnering City Council feedback on 2027–2028 priorities and suggested adjustments to operational, capital, strategic, and legislative initiatives before resources are included within the preliminary budget to be presented later this summer. At the work session, staff will provide an overview of the initial tax levy forecast and guiding documents departments are utilizing to formulate the 2027-2028 preliminary budget. ## Attachments ## Presentation ## Initial 2027-2028 Budget ## Discussion 06/22/2026 ## 2027-2028 Budget Calendar •Mar 23 rd – Apr 3 rd ## Budget/CIP Overview to all Departments/Divisions •June 1 st ## Submission of Proposed Operating & CIP Projects Due (April 3 rd – June 1 st ) •June 2 nd – Jun 30 th ## FY 2027-2028 Internal Budget/Capital Review •June 22 nd ## 2027-2028 Budget Strategy & Initiative Council Discussion •Aug 21 st ## FY 2027-2028 Proposed Budget Document Sent to Council •Aug 24 th ## Council Work Session: •Review of proposed budget focused on property tax supported funds and a preliminary estimate of the property tax levy •Sept 14 th ## Review of Proposed Levy Options •Sept 17 th ## FY 2027-2031 CIP Bus Tour (5-7 p.m.) •Sept 28 th Council Meeting to adopt a preliminary 2027 payable property tax levy for certification to Blue Earth County and Nicollet County (last meeting possible) •Oct 1 st Public Open House for FY 2027-2028 CIP (Council Chambers 6-7:30 p.m.) •Oct 26 th ## FY 2027-2028 Budget Work Session ## •General Fund & Special Revenue Fund Open Work Session •Nov 2 nd ## FY 2027-2028 Budget Work Session •Enterprise Funds •Nov 9 th ## FY 2027-2028 Budget Work Session •Community Partnership Annual Reports: Greater Mankato Growth (Visit Mankato, Downtown Partnership , REDA), Southern MN Initiative Foundation, Twin Rivers Council for the Arts, and Greater Mankato Diversity Council •Nov 23 rd ## FY 2027-2028 Budget Work Session ## •Internal Service Funds •Dec 7 th Budget Hearing/Truth in Taxation meeting and consideration of adoption of 2027 Payable final property tax levy amounts and FY2027- 2028 budget ## 2026 Budget Forecast 2027 – 2028 Guiding Strategy •Meet or exceed 46% General Fund reserve target over 5 years •Meet all capital fund balance targets •Ensure wages are competitive compared to Market Analysis •Ensuring future G.O. capacity for larger future surface transportation costs •Correlating budget with strategic plan, se…