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Shakopee EDA approves preliminary 2026 levy of $550,000 and 2026 budget amid debate over program spending
Summary
The Shakopee Economic Development Authority approved a preliminary 2026 levy of $550,000 and the 2026 budget after debate over a proposed $50,000 annual transfer to the city general fund, TAP event funding, and ongoing Main Street support; both measures passed 3–2.
The Shakopee Economic Development Authority (EDA) on Sept. 2 approved a preliminary 2026 special benefit levy of $550,000 and adopted the 2026 EDA budget after extended discussion about an added $50,000 annual transfer to the city general fund and continuing program spending for TAP and Main Street initiatives.
EDA staff presenter Nate Reinhart described the levy and proposed budget, saying the EDA levy cap for 2026 is “a little over $1,500,000” and that staff is proposing a $50,000 annual transfer to the city general fund “to better…
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