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Shakopee council sets 2026 preliminary levy cap at 5.5% and approves related resolutions
Summary
The council approved resolutions setting the city’s 2026 maximum levy at a 5.5% increase from current projections, canceled portions of debt service levies using fund balance and approved a preliminary EDA levy; staff said the proposal lowers an earlier 6.22% estimate and that the council can only decrease the levy before final adoption.
The Shakopee City Council on Sept. 16 adopted several resolutions that set the city’s preliminary property tax posture for 2026. Finance staff told the council the proposed preliminary levy had been reduced from 6.22% (presented Aug. 19) to 5.5% and asked the council to adopt three resolutions to implement the plan.
Staff (Mr. Reinhart) described revenue and expense updates underpinning the proposal: a 5% growth in taxable market…
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