The city's budget is structured to provide quality public services to residents and businesses at a reasonable price.
Budget process, timeline, and feedback
The city uses an open and public process to adopt its annual budget. The process typically follow this timeline:
- May - Preliminary Budget discussion and meetings begin
- June - Departments prepare budget requests
- July - Department budgets are reviewed by City Management
- August - Council reviews budget requests at a public Finance Committee meeting
- September - Council adopts preliminary budget and tax levy
- December - Council adopts final budget and tax levy
We welcome feedback and input at public meetings and hearings. Please see your proposed property tax statement that is mailed in November for public meeting and hearing dates.
2020 Adopted Budget
2020 Budget Process
- May 6, 2019 City Council Preliminary Budget Presentation
- May 13, 2019 City Council Workshop
- July 25, 2019 Finance Committee Meeting
- September 9, 2019 City Council Budget Presentation
2019 Adopted Budget
2018 Adopted Budget
2017 Adopted Budget
2016 Adopted Budget
2015 Adopted Budget
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Property Taxes & Property Valuation
Property taxes are paid to the Dakota County Treasurer and redistributed to the city and other government jurisdictions such as school boards and the county. Property tax statements are mailed to residents in March. The taxes are based on the estimated market value for the previous year. The payment of one-half of the tax is due by May 15 and the balance by October 15.
The Dakota County Assessor's Office is responsible for establishing the market value and determining the classification (use) of property located within the City. Also, the Assessor's Office maintains the City's property database and is the primary source of property information for city and community use.
The League of Minnesota Cities has prepared some educational resources to explain the various factors that impact taxes for property owners:
The following video, Special Delivery: City Services and Your Property Taxes is approximately seven minutes in length and provides background on the property tax process in an easy to understand, storytelling format.