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Budget committee backs 4% inflation escalator for neighborhood parks, sending measure to full council
Summary
The Minneapolis City Budget Committee approved a resolution to adopt a 4% annual inflation adjustment for guaranteed minimum neighborhood park funding from 2027–2031, projecting annual funding to rise from $13.1 million in 2026 to about $15.9 million by 2031; the measure requires concurrent Park Board action and full council adoption on Nov. 20.
The Minneapolis City Budget Committee on Nov. 17 approved a resolution proposing a 4% annual inflationary adjustment to the parks infrastructure component of the 20-year neighborhood park plan, sending the item to the full City Council for final adoption on Nov. 20.
Liam O’Brien, senior budget analyst with the Finance and Property Services Department, told the committee the ordinance (chapter 16, article 14 of the municipal code) set guaranteed minimum annual funding for neighborhood parks in 2016 and requires the city and the Minneapolis Park and Recreation Board to review and adjust amounts every five years. "This inflation increase is not intended to increase the number of projects the Park Board will complete, but…
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