Minneapolis City Budget
In August, Mayor Betsy Hodges proposed a budget for the City of Minneapolis for 2015, which led to a City Council process to review and approve a final budget in December. The proposed $1.2 billion operating and capital budget for 2015 includes a 2.1 percent increase in the City’s portion of the 2015 property tax levy, compared to 2014. Of the City’s total budget, only about 20 percent is funded through property taxes. Your property taxes fund basic City services such as:
- Police and fire
- Emergency response through 911
- Criminal prosecutions
- Traffic control
- Snow removal and street sweeping
2015 budget highlights
Highlights from the approved 2015 budget include:
- Funding to support 10 more police officers, increasing the total to 860 sworn officers.
- An additional $1 million in affordable housing, focused on family housing.
- $3.5 million to fully fund the investment in the redesign of Nicollet Mall.
- Planning dollars for the redevelopment of the Upper Harbor Terminal, to ensure north Minneapolis has its own valuable riverfront amenities.
- Two new positions in the City Coordinator’s Office to focus exclusively on the City’s equity work, ensuring the best possible equity outcomes in every department and every division.
- $1.14 million to fund body cameras for the Police Department.
Budget markup took place Dec. 1. See the changes the City Council made to the proposed 2015 budget.
Why is Minneapolis’ portion of my property tax bill changing?
Minneapolis’ portion of your property tax may go up or down from 2014 to 2015 even though the City’s overall property tax levy is increasing by 2.1 percent. With the significant growth in our tax base over the last year, the proposed increase in the levy means about 57 percent of all residential properties will see no increase in the City portion of their property taxes, or will see a decrease.
Property tax bill breakdown
When reviewing your property taxes each year, it’s important to recognize that you pay property taxes to several taxing authorities, though you will only receive one property tax “bill.” Here is how the average Minneapolis property tax bill breaks down:
Percent of Bill
City of Minneapolis
Other Taxing Districts*
*This is split between the Metropolitan Council, Metropolitan Transit, Metropolitan Mosquito Control, and the Hennepin County Regional Railroad Authority.
The Minneapolis City Council considered the Mayor’s budget proposal and voted to adopt a final 2015 budget on Dec. 10, 2014. Before that vote, there were two public hearings for the public to comment on the 2015 budget proposal:
- 6:05 p.m., Tuesday, Nov. 18, 2014, Room 317, City Hall
- 6:05 p.m., Wednesday, Dec. 10, 2014, Room 317, City Hall
You can attend a hearing in person, watch on Minneapolis 79 (Comcast cable channel 79 in Minneapolis) or watch live on the City website.
Last updated Feb 10, 2015