## Richfield City Council Agenda August 25, 2026 -- 4:30 PM ## Richfield Municipal Center ## Bartholomew Conference Room ## 6700 Portland Avenue South 1. Call to Order ## 2. Item Discussion a. Presentation of the 2026 Revised/2027 Proposed Budget and Tax Levy. 3. Adjournment Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96 hours in advance to the City Clerk at 612-861-9739. Includes Materials - Materials relating to these agenda items can be found in the Council Chambers Agenda Packet book located by the entrance. The complete Council Agenda Packet is available electronically on the City of Richfield website. Page 1 of 361 ## City Council Meeting 8/25/2026 ## Agenda Section: Item Discussion Agenda Item: 2.a. ## Report Prepared By: ## Steve McDaniel, Budget, Cash, and Debt Manager ## Department Director: ## Mary Bogie, Interim Finance Director ## Item for Consideration: Presentation of the 2026 Revised/2027 Proposed Budget and Tax Levy. ## EXECUTIVE SUMMARY At the August 12, 2026 City Council work session, staff provided the City Council with a preview of the preliminary 2027 Budget summary and levy, proposed 2027 Capital Improvement Budget (CIB) and 2028-2031 Capital Improvement Plan (CIP), proposed utility rates, and a review of City fees. The preliminary 2026 Revised and 2027 Proposed Budget and Tax Levy will be presented to the City Council for review. The proposed 2026 City tax levy is a 4.55% increase over the 2026 tax levy. The budget includes a balanced General Fund budget and also includes Special Revenue funds, Enterprise funds, Internal Service funds, Debt Service funds, and Capital Improvement projects budgets. The City Council will be asked to approve the preliminary 2026 Revised/2027 Proposed budget and preliminary tax levy at the September 22, 2026 City Council meeting. ## RECOMMENDED ACTION ## HISTORICAL CONTEXT Staff present the proposed budget and tax levy to the City Council at a special budget work session prior to approval at a City Council meeting in September. ## EQUITABLE OR STRATEGIC CONSIDERATIONS OR IMPACTS The proposed budgets fund positions and projects that advance strategic priorities, including equity. The budget message highlights examples of progress. ## POLICIES (RESOLUTIONS, ORDINANCES, REGULATIONS, STATUTES, ETC.) The preliminary 2026 Revised/2027 Proposed budget and preliminary tax levy will be presented to the City Council at the September 22, 2026 City Council meeting for approval. ## CRITICAL TIMING ISSUES The proposed 2027 City tax levy is a 4.55% increase over the 2026 adopted levy. Page 2 of 361 The increase in the City’s General Fund budget for 2027 is 2.16% over the 2026 adopted budget. ## FINANCIAL IMPACT ## LEGAL CONSIDERATIONS ## ALTERNATIVE RECOMMENDATION(S) ## ATTACHMENTS ## 1. 2026-2027 Workplan Action Steps - R1 2. 2026 Department Highlights - R1 3. 2027 City of Richfield Budget Book for 8.25.26 - R1 ## 4. 2027 Pr…