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Metropolitan Council CFO presents preliminary 2026 operating budget and levy proposal
Summary
Chief Financial Officer Ned Smith presented the Metropolitan Council's preliminary operating budget and levy strategy for 2026, including a proposed 2% increase in total levies, a proposed $15.5 million for the Livable Communities demonstration account, and a rolled-up council budget of about $1.8 billion.
Ned Smith, chief financial officer of the Metropolitan Council, presented an informational overview of the Council's preliminary 2026 operating budget at the Aug. 13 meeting.
Smith said the Council's unified operating budget rolls up to about $1,800,000,000 for 2026, with roughly two-thirds of levies driven by transit and parks debt service. He said the Council is proposing a 2% increase in total levies for 2026 and highlighted three levy categories: a fixed $5,000,000 tax-based revitalization…
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