HomeMy WebLinkAboutResolution No. 2025-74 Adopting Proposed Budget & Preliminary Tax Levy Payable in 2026RESOLUTION NO. 2025-74
A RESOLUTION ADOPTING THE
BUDGET FOR THE CITY OF EDINA FOR YEAR 2026,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2026
THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS FOLLOWS:
Section 1. The Budgets for all Governmental Funds as shown on Attachment A for the City of Edina for the calendar
year 2026 is hereby adopted and funds are hereby appropriated;
Section 2. The Budgets for all Enterprise Funds as shown on Attachment B for the City of Edina for the calendar
year 2026 is hereby adopted and funds are hereby appropriated;
Section 3. That there will be levied upon all taxable real and personal property in the City of Edina, a tax rate
sufficient to produce the amount as follows:
FOR GENERAL FUND $53,374,152
FOR CONSTRUCTION FUND $4,366,450
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2016A (Fire) $403,000
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2017C (PW) $910,783
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2013A (PW) $478,800
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS – SERIES 2014 (Dome) $1,166,100
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2024A (Fire 2) $1,070,600
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2024B (Fire 2) $1,071,100
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2025A (Fire 2) $700,900
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2025B (Aquatic) $439,800
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2025B (Interchange) $207,200
TOTAL TAX CAPACITY LEVY $64,188,885
Section 4. That the preliminary 2026 budget for the City of Edina is as follows:
TOTAL REVENUES – GOVERNMENTAL FUNDS $132,652,824
TOTAL EXPENDITURES – GOVERNMENTAL FUNDS $145,505,062
TOTAL REVENUES – ENTERPRISE FUNDS $61,932,163
TOTAL EXPENDITURES – ENTERPRISE FUNDS $65,104,693
TOTAL REVENUES – INTERNAL SERVICE FUNDS $ 9,926,937
TOTAL EXPENDITURES – INTERNAL SERVICE FUNDS $ 9,973,397
Section 5. That the final 2026 budget and tax levy incorporates revisions to the scheduled levy for the Series
2019A General Obligation Bonds (Fire Equipment) and Series 2017C General Obligation Bonds (PW) due to
sufficient funds available to pay the required debt service.
Approved this 16th day of September 2025.
Attest:
Sharon Allison, City Clerk James B. Hovland, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA )
Sharon Allison (Sep 17, 2025 10:40:35 CDT)
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and
foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of September 16, 2025, and
as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this ______ day of __________, 20___.
_______________________________
City Clerk