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EDA recommends 2026 preliminary budget and levy to city council after brief discussion
Summary
Roseville EDA reviewed a proposed 2026 preliminary budget and levy of $364,826 and unanimously approved a resolution recommending it to the city council; staff flagged fund‑balance shifts and potential future use of local affordable housing aid and Ramsey County awards.
Roseville — The Economic Development Authority on July 14 reviewed and recommended the EDA’s preliminary 2026 budget and tax levy to the city council, voting unanimously to forward a resolution that sets a not‑to‑exceed levy of $364,826.
The board’s decision was a first step: the council retains final budget and levy authority later in the fall. The EDA’s proposed preliminary levy is $30 less than 2025’s levy; the preliminary budget total of $364,826 reflects a reclassification of roughly $85,000 of revenue to a different internal fund, which makes the displayed budget appear lower while actual program funding is unchanged.
Why it matters: The EDA and staff noted shrinking revolving‑loan fund balances and continuing demand for small business and housing programs. Staff also highlighted a $620,000 Ramsey County HRA award for the city’s land trust partnership and potential local affordable housing aid expected from the state as new resources that could be programmed toward housing initiatives.
Key points from staff: Janice Gunlock, community development director, said staff proposed the preliminary budget and levy with reductions largely due to reallocating revenue between city funds; the levy change was minimal. Staff recommended no new EDA levy funding for existing loan programs in 2026 but warned balances have declined and may need replenishment in future years. Finance staff provided a combined‑fund view that shows larger totals when other EDA‑related funds are included.
Board discussion and vote: Board members asked for clarifications on fund balances and possible long‑term policies for reserve targets. After discussion, Member Graf moved and Member Straughn seconded a resolution recommending the preliminary budget and levy to the city council; the motion passed unanimously. Staff noted the council will consider the final levy by state deadline and may adjust the EDA recommendation.
Next steps: Staff will return to the EDA and the council with detailed budget materials; the EDA’s recommendation goes to the full council for its September levy action and the public truth‑in‑taxation hearing later in the year.
