The Edina Housing and Redevelopment Authority on Aug. 28 adopted a preliminary tax levy for taxable year 2026 of $267,100, a 3% increase over the 2025 levy of $259,300.

Finance staff explained the HRA has used a modest, incremental levy approach in recent budget cycles and recommended a 3% increase for the preliminary levy. The HRA approved Resolution 2025‑06 to establish the proposed levy and directed staff to fold it into the city’s overall levy proposal later this month. Commissioner Jackson moved the resolution; Commissioner Angus seconded. The motion passed by voice vote.

Why it matters: The preliminary HRA levy sets a municipal budget baseline that the HRA may finalize at a later statutory hearing. Adopting a preliminary levy by the September deadline preserves the HRA’s option to finalize its budget alongside the city’s fiscal process.

Next steps: Staff will include the HRA proposed levy in the city’s overall levy presentation and return on Sept. 16 with the final tax levy proposal for council/HRA consideration.