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City staff present preliminary report on municipal revenue options; Guidehouse comparison flags limited tax flexibility
Summary
Andrew Hawkins, director of the Legislative Research and Oversight Division, presented a preliminary municipal revenue report and Guidehouse benchmarking to the Minneapolis Budget Committee on Oct. 20, outlining current revenue sources and options to diversify beyond property taxes.
Andrew Hawkins, director of the Legislative Research and Oversight Division, presented a preliminary municipal revenue report and a Guidehouse peer‑city comparison to the Budget Committee on Oct. 20, outlining where Minneapolis currently raises revenue and options for diversifying beyond property taxes.
Hawkins reviewed the city’s current revenue landscape, noting projections that property tax will account for more than half of Minneapolis’s revenue absent new sources. He summarized non‑property revenues including local government aid (stated as $81,000,000 in the presentation), municipal state aid, federal passthroughs (including HUD), charges for services, licensing and permitting revenue and special assessments. He said the city’s entertainment tax is a 3%…
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