July 7, 2025 Budget Committee
Monday, July 7, 2025
2026 supplemental budget revenue and expenditure report
Current Service Level (CSL) methodology and financial framework
General Fund expense and revenue projections
Capital Improvement Program status
Property tax levy forecasting
Internal service charge allocation and growth
Areas of Interest (5)
- City facing 11.2% levy increase threshold for 2026 before budget adjustments
- Shift in city revenue reliance: moving from non-property tax sources to property taxes
- Concerns over Downtown Assets Fund balance dropping from $85M to $29M by 2031
- Development slowdown: Planning commission project approvals dropped from 29 in 2023 to 12 in 2024
- New revenue source identified: speeding citation revenue starting August/September
Notable Quotes (2)
The current service level this year is not really the starting point for budget decision making, but rather a reference point.
Budget methodologyExplaining how the current budget process views previous service levels.
11.2% is well beyond the bounds of what a normal budget process is... that is not an acceptable level.
Property tax levyAcknowledging the preliminary levy increase forecast.
People (2)
Emily KoskiChair, Budget CommitteeBudget Committee Chair, leads meeting, manages speaker list, oversees proceedings.
Budget Committee Chair, leads meeting, manages speaker list, oversees proceedings.
Jayne DiscenzaBudget Division StaffBudget division representative, provides technical presentation on 2026 supplemental budget.
1 quote
Budget division representative, provides technical presentation on 2026 supplemental budget.
“The current service level this year is not really the starting point for budget decision making, but rather a reference point.”
Explaining the shift in budget methodology for the 2026 cycle.
Places Mentioned
City Hall (implied)Minneapolis (implied by context)
Events & Meetings (2)
- Monday, July 7th, 2025: Budget Committee Meeting
- June 11th: Board of Estimate and Taxation presentation