HomeMy WebLinkAboutResolution No. 2025-112 Adopting the Budget for the City of Edina for Year 2026 and Establishing the Proposed Tax Levy Payable in 2026RESOLUTION NO. 2025-112
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 I. 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 $53,012,940
FOR CONSTRUCTION FUND $3,966,450
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2016A (Fire) $403,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 20I7C (PW) $910,783
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 20I3A (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) $1,070,600
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2024B (Fire) $1,071,100
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2025A (Fire) $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 $63,427,673
Section 4. That the final 2025 budget for the City of Edina is as follows:
TOTAL REVENUES — GOVERNMENTAL FUNDS $137,033,756
TOTAL EXPENDITURES — GOVERNMENTAL FUNDS $141,625,711
TOTAL REVENUES — ENTERPRISE FUNDS $61,282,163
TOTAL EXPENDITURES — ENTERPRISE FUNDS $73,148,778
TOTAL REVENUES— INTERNAL SERVICE FUNDS $ 9,941,988
TOTAL EXPENDITURES — INTERNAL SERVICE FUNDS $ 10,001,885
Section 5. Be it further resolved, the 2026 budget and tax levy incorporates revisions to the scheduled debt levy for the Series 20I9A
General Obligation Bonds (Fire Equipment) in the amount of $413,437.50 will not be levied due to sufficient funds available to pay the
required debt service.
Section 6. Be it further resolved, the 2026 budget and tax levy incorporates revisions to the scheduled debt levy for the Series 20I7C
General Obligation Bonds (PW) in the amount of $1,029,475.50 will be levied in the amount of $910,783.00 due to sufficient funds
available to pay the required debt service.
Section 7. Be it further resolved, the 2026 budget and tax levy incorporates revisions to the scheduled debt levy for the Series 2014
General Obligation Bonds (Dome) in the amount of $1,166,149.70 in the amount of $1,166,100.00 due to sufficient funds available to
pay the required debt service.
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
EdinaMN.gov • 952-927-8861
9
1
, 4,
Ch O
Zy
nron
es B. Hovland, Mayor
Section 8. Be it further resolved, the 2026 budget and tax levy incorporates revisions to the scheduled debt levy for the Series 20I5A
General Obligation Bonds (Gym) in the amount of $379,250.00 will not be levied due to sufficient funds available to pay the required
debt service.
Section 9. Be it further resolved, the 2026 budget and tax levy incorporates revisions to the scheduled debt levy for the Series 2024A
General Obligation Bonds (Fire) in the amount of $1,070,632.50 in the amount of $1,070,600.00 due to sufficient funds available to
pay the required debt service.
Section 10. Be it further resolved, the 2026 budget and tax levy incorporates revi s o the scheduled debt levy for the Series
2025B General Obligation Bonds (Fire) in the amount of $207,235.88 in the amou t of c. 207,200.00 due to sufficient funds available to
pay the required debt service.
Approved this 16th day of December 2025.
Attest:
tif,"—City Clerk
Sinni/t ep,
STATE OF MINNESOTA
COUNTY OF HENNEPIN ) SS
CITY OF EDINA
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 December 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
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
EdinaMN.gov • 952-927-8861