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Lakeville reviews special revenue funds, opioid transfers and preliminary 2026 levy outlook
Summary
Staff reviewed special revenue funds (including a new communications fund), changes to opioid fund transfers, and preliminary 2026 revenue and levy projections that reduced a prior levy estimate; projected median‑home tax impacts were presented.
City finance staff reviewed special revenue funds and preliminary budget figures for 2026, explaining revenue sources, transfers and projected impacts on the levy.
Speaker 4 said the packet introduced several special revenue funds that are legally restricted for specific uses. The presentation highlighted a communications fund shown in the packet as $1,000,000 per year and described a first‑year general fund transfer referenced as $71,000 to support initial operations for a center described in the materials. Speaker 4 also described downtown…
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